Stay In Your Home While You Resolve Debt Problems
For many people who face financial hardship, the toughest hit emotionally is when a mortgage holder tells them to forfeit their home. Banks can be bullies. Many times, it makes sense to stand up to them. At the Law Office of Scott C. Polman, in Niles, Illinois, I help clients review their options if they face foreclosure.
Of course, it’s ideal to retain my services before you receive a foreclosure summons because I’ll review every option available to you. The further out in front of the foreclosure process, the better off you will be. If you’ve already received a foreclosure summons, I may still be able to keep you in your home, if only temporarily to allow you more time to plan your next steps.
There Is Always A Solution
It may be possible to stay in your home permanently by restructuring the debt caused by missed mortgage payments in a Chapter 13 bankruptcy and staying current with future payments. By restructuring other debt (such as credit cards and medical bills) under Chapter 13, you may be able to afford your monthly mortgage.
Some clients simply want more time to develop a solution before they move out of their home. I can help you take the steps that provide that time and answer any other questions you have about foreclosure, bankruptcy and debt management.
Understanding Your Options Will Renew Your Hope
As demoralizing as it can be to receive a notice that you’re losing your home, consulting with an experienced bankruptcy attorney and learning what steps make the most sense can provide a welcomed sense of relief.
BAPCPA Disclosure: My firm is a debt relief agency as designated by federal law. I help people file for bankruptcy relief under the Bankruptcy Code.