If you are suffering under the threat of foreclosure in Illinois, this can be extremely stressful and difficult for both you and your entire family. Not only do you have to deal with a large amount of uncertainty and corollary fears, but with the anxiety and pressure of debtors constantly calling or knocking at your door. It may feel necessary to begin packing things up and moving to some remote location upon receipt of a formal notice, but you should know that you do have certain options and definite rights, and that you can take advantage of them by hiring a foreclosure attorney in Naperville right away.
It’s possible that a Chapter 13 bankruptcy can help your home from going into foreclosure and save you from the extreme difficulties of losing your home. A foreclosure attorney in Naperville can look into your financial situation carefully and apprise you of any steps that you might be able to take to file for bankruptcy and prevent the loss of your home by allowing you to catch up on delinquent payments over a period of time.
Usually, people who file for Chapter 13 who are late on their mortgage payments are given three to five years to make up payments without the harassment of creditors creating further pressure and turmoil. Once you hire a foreclosure attorney in Naperville to file bankruptcy for you, the process of foreclosure will stop, and you will be able to make arrangements to repay debt on delinquent payments, including penalties and interest, on your home over an extended period of time. This gives you the opportunity to start fresh financially and keep your home, which is a far better alternative than having negative credit exacerbated by foreclosure and having to move yourself and your family somewhere else.
Debt, like life, happens, and bankruptcy laws are there to account for those who fall into major debt and need relief in order to begin again. Taking advantage of the services of a foreclosure or bankruptcy lawyer is a great way to start over, and for you to continue to live in the same place without the upset and humiliation of losing your home. Foreclosure attorneys are compassionate and do not judge you for having debt, but are there to help you navigate the complicated legal process to your advantage to bring you to the best financial place you can be. Many offer free consultations, and will talk to you about all the options that are available to you before you hire them to take on your bankruptcy and foreclosure case.
Foreclosure Attorney Naperville - Chicago Debt Solutions provides bankruptcy help in Chicago for those who are overwhelmed by debt. Making a significant impact on the lives of Illinois residents often means keeping a roof over their head. There is no shame in a bankruptcy filing, as it might be just what you need. Far too much is at stake, specifically the possible loss of your home to foreclosure, for you to not take action. Visit us online at www.chicagodebtsolutions.com/ or call us at 312-445-9106.