Illinois Bankruptcy, Foreclosure Defense & Loan Modification Attorneys
In a turbulent economy, more and more people find themselves in difficult financial situations. At Newland & Newland, LLP, we work with individuals and families in difficult financial circumstances. Whether you are facing foreclosure or the possibility of bankruptcy, we can help you make informed decisions about your financial future. We assist clients in a variety of areas including:
Chapter 7 Bankruptcy – This is the process in which eligible debts are discharged. It is a quick process in which usually the case is closed within just a few months of being filed.
Chapter 11 Bankruptcy – This type of bankruptcy allows companies to reorganize their business affairs and finances if they are struggling. Generally filed by corporations, Chapter 11 allots time to maximize the return to a company's creditors and owners. We help give corporations a fresh start by drawing up and implementing attainable bankruptcy restructuring plans.
Chapter 13 Bankruptcy – Also called “reorganization” bankruptcy, this is the process in which filers create a repayment plan that allows them to repay all or a portion of their debts over a three or five year period while keeping their assets. At the end of Chapter 13 bankruptcy any remaining eligible debts are discharged.
Foreclosure Defense – We assist clients who are facing foreclosure in delaying the foreclosure proceedings and preventing the foreclosure. We counsel clients on the best strategies for their specific situation and aggressively defend our clients’ rights in foreclosure hearings. By asserting a strong foreclosure defense we obtain leverage to get the banks to agree to terms that they were not willing to beforehand.
Loan Modification – We help clients negotiate more favorable and affordable terms with their lenders that allow both parties to avoid foreclosure. We are experienced in working with lenders to achieve positive results for our clients.
Life After Bankruptcy – We counsel clients on how to use the fresh start bankruptcy provides to improve their financial futures and avoid bankruptcy in the future.
The attorneys at Newland & Newland, LLP, are experienced in helping clients through the difficult times in their lives. We are good listeners who offer personalized legal counsel and services. To learn more about how we can assist you in any of our practice areas, contact us to schedule a free consultation. We have six offices in Northern Illinois to serve the entire Chicagoland area including Cook County, Lake County, DuPage County, McHenry County, Kane County, and Will County.