Chapter 7 Bankruptcy & Foreclosure Defense
If you are facing home foreclosure in Illinois, you have many debt relief
tools at your disposal. You can explore
foreclosure defense options, file for
Chapter 7 bankruptcy or employ both in conjunction with each other. The attorneys at the Sulaiman
Law Group, LTD, can help you explore the options available to you and
put them into action.
Contact us today online or by telephone at 312-313-1613 to speak with an experienced
Chicago foreclosure defense attorney.
A Hybrid Approach to Debt Relief
When considering filing for Chapter 7 bankruptcy, in conjunction with foreclosure
defense strategies, timing is very important. Filing too early or too
late could leave you with significant debt problems. Filing at just the
right time could wipe the slate clean and leave you immune to many creditor actions.
Consider the following example:
A homeowner who makes $300,000 per year loses his job and is left with
large outstanding mortgage debt. Depending on how long he is out of work,
he may qualify for Chapter 7 bankruptcy. After filing bankruptcy, he may
regain employment and be able to maintain mortgage payments. However,
by filing for
bankruptcy, he has eliminated many obstacles that would hinder him from staying current
on his mortgage and from negotiating with creditors.
Every case is different.
Our attorneys will work with you personally to gain an understanding of your situation.
If filing for Chapter 7 bankruptcy is right for you, we will guide you
through every stage of the process and handle all of the necessary legal details.
Contact a Chicago Foreclosure Lawyer
Are you facing home foreclosure in Chicago?
Contact us today online or by telephone at
312-313-1613 to speak with an experienced Chicago foreclosure defense attorney.