Mr. Callaway came to me last year and wanted to refinance his home. At the time his wife wasn't working and he had gotten behind on his Mortgage and other debts. Having a lot of equity he was looking to refinance. He credit was to low and he had missed to many payments.
I advised him that he may want to look into a Chap 13 BK and that if he kept his payments up to date, I'd be able to assist him. he really didn't want to do that but needed so relief. He did just that, keep his payments up tod date and now he has a 566 and many Banks and Lenders would have denied him based on credit score.
I'm pleased to annouced that we're doing a Cash Out Refi and paying off his current Mortgage and Bankruptcy. He will be back on his feet in no time.