Stop Foreclosure Through Chapter 7

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.