Bankruptcy, Foreclosure & Loan Modification Posts in September, 2013

Zombie Foreclosures Stymy Financial Recovery

The worst of the housing crisis may be over, but many Illinois homeowners are still facing an uphill battle on the brink of financial insolvency. Filing for bankruptcy may be the best way that a family can keep its home during financial hardship, even with the challenges that bankruptcy itself can present. Bankruptcy can offer some people a way to start over, a fresh beginning, and an opportunity to get out from under crippling debt that keeps plaguing recovery....
Continue Reading »

A Brief Overview of Chapter 7 and 13 Bankruptcy

If you’re nearing financial insolvency, one of the most difficult decisions with which you’ll be faced is whether or not you’re going to file bankruptcy. Despite the social stigma attached to it, there are many boons to declaring bankruptcy that could help you and your family get back on its feet....
Continue Reading »

The Safety of Your Home During a Bankruptcy

If you have been surprised by unexpected medical bills or lost your job, then you might be in a financial predicament.  When you get behind on your bills, creditors will aggressively call for you to pay what you owe.  Sometimes, banks and other lenders will threaten to foreclose on your home or garnish your wages.  But if saving your home is important to you, it is important to know how filing for bankruptcy may save your house....
Continue Reading »
  • Newland & Newland LLP, Attorneys, Arlington Heights, IL