ADVERTISEMENT
000, but Joel had taken out a $220,000 home equity line to keep the firm afloat. Add the original mortgage of $160,000 and the total debt was $380,000. After closing costs and fees, selling the house would net nothing—maybe less.
And Carla’s precious $185,000 loan? Unsecured creditor. Last in line behind the IRS, behind the malpractice plaintiff, behind continue reading …
ADVERTISEMENT