Facing Foreclosure in Chicago? How Filing for Bankruptcy Could Save Your Home.

HOW FILING FOR BANKTRUPTCY COULD SAVE YOUR HOME.

With the number home foreclosures expected to hit 3.5 million this year, it’s important to know your options. Filing for bankruptcy could be one of them. Real estate law is complicated and at Chang & Carlin, LLP, we have attorneys who can help you navigate this difficult course.

2 Steps That Could Determine Whether Or Not You Keep Your Home!

1. Align yourself with attorneys focusing in Chapter 7 and Chapter 13 bankruptcy law.
2. Act as soon as possible.

Seek Advice From An Expert Chicago Real Estate Firm.

Not all law firms are created equal. Chang & Carlin, LLP has a proven track record in dealing with bankruptcy cases. Our attorneys focus in bankruptcy law, Chicago real estate law, mortgage law and title insurance law. Here are just a few of the areas we can assist you in:

Protect your property from being seized by your collectors.

Protect your personal assets from being repossessed.

Delay and possibly stop foreclosure proceedings altogether.

Eliminate harassing phone calls and prevent wage garnishment.

The Cold, Hard Truth About Foreclosure.

Just because your mortgage lender has sued you and foreclosed on your home does not mean you can wash your hands of your debt. That is an all-too common but dangerous misconception. The truth is, not only will you have lost your home, but you could still be held responsible for your outstanding debt.

Declaring bankruptcy offers numerous advantages. It can stall the foreclosure process and that can keep you in your home. It can also give you leverage and bargaining power. Remember, your mortgage lender doesn’t want your house! What they want is their loan paid back.

At Chang & Carlin we’ve represented thousands of debtors and have helped our clients protect their assets while enabling them to make a fresh start. We can help you, too.

Get a FREE Bankruptcy and Foreclosure Evaluation

It only takes a few moments!
Chang & Carlin provides a very simple form for you to complete. This allows us to assess your situation and recommend the most effective course of action. All your information is completely confidential.

Chapter 7 vs. Chapter 13—What’s The Difference?

Chapter 7 bankruptcy means that your personal assets can be liquidated in order to pay off your bills and outstanding debts. Chapter 7 can cancel out specific debts including credit card balances, medical bills and personal loans.

Debts not covered under Chapter 7 bankruptcy protection include child support, student loans and tax debts. 
Chapter 13 bankruptcy is a more complicated procedure, which allows you to establish a payment plan based on your present disposal income.

Chapter 13 requires that you repay your debt over the course of 36-60 months or 3-5 years.

To determine which form of bankruptcy is best for you, contact any one of our foreclosure/bankruptcy lawyers and attorneys at Chang & Carlin, LLP. We have offices in Chicago, Schaumburg, Warrenville, Waukegan and Joliet.

Chang and Carlin
The content found on the Chang & Carlin site is not legal advice and is purely for informational purposes. The information contained herein is not a substitute for the advice of an attorney and does not create an attorney-client relationship. If you are interested in obtaining information about chapter 7 bankruptcy, chapter 13 bankruptcy, foreclosure services, real estate legal services, you are encouraged to call our law firm at 866-790-8601 or Request a Free Legal Evaluation. Chang and Carlin serves clients in Chicago, Schaumburg, Joliet, Warrenville, Waukegan, Illinois.