real estate law Schaumburg

Get Help Fixing Your Financial Situation Today and Save Your Home

Debt collectors keep calling you, your home is in foreclosure, and you're not sure where to turn. If this sounds familiar, you may want to consider contacting a bankruptcy lawyer Schaumburg for help. Bankruptcy should be a last option, but if you are constantly having to talk to debt collectors or you're facing a foreclosure, you're going to want to go ahead and look into taking this step. This way, you can get the help you need to get your finances back on track.

It's important to remember that a foreclosure attorney Schaumburg can help stop your foreclosure and help you get started with the bankruptcy process. This means you should contact them as soon as possible after you learn your home is in foreclosure. They may be able to help you keep your home and pay off other debts no matter why you're currently behind on your payments. The first thing they're going to do, after they prevent the foreclosure and stop debt collectors from calling you, is help you determine which chapter of bankruptcy is going to be the right one for you.

If you do not own a business, you're likely going to choose between Chapter 7 and Chapter 13. The main difference in which one you choose is going to be the amount of income you have. If you qualify, Chapter 7 allows you to liquidate any of your non-essential assets to repay your debts. Chapter 13 allows you to make monthly payments to repay your debts in three to five years. If you do own a business, you may have other options that are available to you, depending on the type of business you own. Your lawyer can walk you through the process of choosing the correct type of bankruptcy to ensure you choose the right one.

Debt collectors, foreclosures, and repossessions can all be halted by a bankruptcy, and you can get the chance you need to get your finances back on track. Before you try bankruptcy on your own, however, you're going to want to contact an attorney who can help you. This way, you know you're on the right track and everything will work out better for you when the bankruptcy is completed.