Bankruptcy Attorneys Providing Foreclosure Defense
One of the most difficult decisions a person may be confronted with, is whether or not to file for bankruptcy if they are experiencing extreme financial hardships. No matter how much money you make or what type of business you’re in, many different types of people file for bankruptcy.
Since new bankruptcy laws are constantly changing, and the process of filing for bankruptcy can often be complex, it is important to seek an experienced Lake County bankruptcy attorney, who can help you file the appropriate legal paperwork that will put you on the road to financial recovery and show you how bankruptcy can help with foreclosure.
Contact the Libertyville and Waukegan law offices of Newland, Newland, & Newland, in Lake County, Illinois, if you are considering bankruptcy or being threatened by your lender to foreclose on your home. We offer free initial consultations. Call (847) 549-0000.
Chapter 7 and Chapter 13 Bankruptcy Options
Although Chapter 7 and Chapter 13 bankruptcy are the two most common tactics utilized by individuals and small businesses that are in immediate need of debt relief, our Lake County attorneys can help you examine the different factors that will determine which type of bankruptcy option is the most appropriate for you.
Regardless if you’re having trouble paying off debts or fall behind on your mortgage payments, filing for Chapter 7 or Chapter 13 bankruptcy can provide you with various options to catch up on late payments and can stop any action on the foreclosure of your home. Contact us to discuss whether or not your income is low enough to file Chapter 7, or the possible eligibility to file for Chapter 13.
Lake County Commercial Foreclosure and Residential Defense
Business owners much like homeowners, can sometimes fall behind on mortgage payments. Our attorneys represent clients who need help with securing loan modifications to prevent foreclosure on their property. We are well versed in the Home Affordable Modification Program (HAMP) laws for borrowers who have missed mortgage payments and need aggressive commercial foreclosure defense.
For Lake County homeowners who are in good standing on their existing mortgage, but can’t seem to lower their interest rates due to decreasing home values, we can enforce the Home Affordable Refinance Program (HARP) laws, so that banks will follow the law. Our foreclosure defense attorneys are equipped to handle many different types of commercial foreclosure defense cases, including residential foreclosure issues.
Contact Our Lake County Bankruptcy and Foreclosure Attorneys
If you have questions or concerns about filing for bankruptcy and how to protect your property, contact the law firm of Newland, & Newland, LLP today. Our Lake County attorneys are experienced in bankruptcy and foreclosure laws and can provide a free initial consultation to help address your concerns. Call our Libertyville or Waukegan law offices in Lake County, Illinois at (847) 549-0000.