[COLUMN] Debtor with $500K home equity seeks Chapter 7 relief for $420K lease liability
THE client is 50. He bought a restaurant in November of 2019. What’s the worst time to buy a restaurant in the history of the human race? November of 2019 sounds about right. He signed a five-year lease for the restaurant for $6,000 a month. That’s $72,000 a year. For five years, he’s on the…