The legal team at Hensel Law Office, PLLC is proud to announce that Lead Attorney Thomas M. Hensel, Jr. was recently successful in winning a lien strip action on behalf of his clients. The plaintiffs, R.R. and L.R., had made the decision to file for Chapter 13 bankruptcy in Michigan. They were denied the opportunity to treat their home as a wholly unsecured claim in their proposed Chapter 13 plan since the defendant, Community Choice Credit Union, was claiming that the property was secured by a second mortgage. In response to this, Mr. Hensel's clients argued that, as of the bankruptcy petition date, the value of their home was less than the balance that was owed on the first mortgage.
When they realized that the creditor was unwilling to budge on the matter, R.R. and L.R. made the decision to enlist the help of our very own Michigan bankruptcy lawyer. According to Mr. Hensel, his clients' home had been appraised at $140,000.00, while the creditor's appraisal was $160,000.00. Since the amount owed on the first mortgage was $157,000.00, it was Mr. Hensel's job to prove that the value of his clients' home was less than this amount. In doing so, he would be able to successful strip the second mortgage lien and allow his clients to claim this property as a wholly unsecured claim in their Chapter 13 bankruptcy plan. After taking the matter to trial, he prevailed.
That being said, you should not hesitate to retain the help of the Hensel Law Office, PLLC if you or someone you love has been faced with a similar dilemma. Unlike most other bankruptcy firms in the area, we are well-equipped to assist clients with more than just filing for bankruptcy. For this reason, we encourage you to trust in us for all of your financial concerns. Not only can we help you to discharge unmanageable debt through bankruptcy, but we can assist you in resolving all matters related to creditor harassment, lien stripping and foreclosure defense, as well. Our office is centrally located in Brighton, MI, but we are available to represent clients in all surrounding areas
If you are looking for quality legal representation in Madison Heights, Royal Oak, Sterling Heights, Clinton Township, Warren, South Lyon or Howell, do not hesitate to give us a call. When you contact our firm at (888) 258-0651, your initial consultation won't cost you a thing. We can even meet with you in the evening or on the weekend if it is more convenient for you, so there is no reason why you should wait any longer to secure the professional assistance that you will need.