FAQ: Can a Bankruptcy Case Be Dismissed?

The vast majority of people filing for bankruptcy have clear goals in mind. They’re entering this intimidating process because they want to gain some breathing room from their creditors and get serious about discharging or restructuring their debts, so that they can move forward on surer financial footing, regain stability, and reclaim some peace of mind.  In short, a well-managed bankruptcy filing can be a fresh financial start. The key word there? “Well-managed.”  It’s important to //READ MORE

2019-12-05T17:02:26-06:00 December 17th, 2019|Community|

In Illinois, What Is a Deficiency Judgment After Foreclosure?

Here in Illinois, the foreclosure process can be long and trying – and, for some borrowers, there may be financial effects that will continue to be felt, even after the completion of the foreclosure sale. In Illinois, it is possible for lenders to get a deficiency judgment against borrowers, in order to attempt to attain the outstanding balance of the borrower’s loan after their property has been foreclosed.  //READ MORE

2019-12-02T16:15:15-06:00 December 12th, 2019|Community|

What Is the Difference Between a Mortgage Lender and a Mortgage Servicer?

When you purchase a home, you’re making a long-term investment in your future – and it’s important to go in with as much knowledge and understanding as possible. As a homeowner, there are lots of concepts to understand and take into account, at every step of your journey. One key concept to understand is the difference between your mortgage lender, and your mortgage servicer.  Broadly speaking, a mortgage lender is a bank or financial institution that //READ MORE

2019-12-02T16:04:16-06:00 December 10th, 2019|Community|

Getting Serious About Debt Relief In the New Year

New year, new you?  The start of a new year is an opportunity to reflect on where you’ve been, and where you’d like to go. With a whole twelve months stretching out ahead of you, it’s easy to feel optimistic about achieving your biggest goals. For millions of Americans, that means taking practical steps to get a hold on their finances, and start taking action to manage their debts.  //READ MORE

2019-11-22T12:47:00-06:00 December 5th, 2019|Community|

‘Is There a Minimum Amount of Debt Needed to Qualify for Bankruptcy?’

For individuals struggling with debt, bankruptcy can be a viable way to hit refresh — allowing you to discharge certain debts or restructure others, so that you can take a moment to breathe, and then move forward on more sound financial footing.  With that being said, it’s also important to understand that while bankruptcy can be a practical path for individuals, families, wage earners, and retirees, it’s also not a “one size fits all” solution.  In //READ MORE

2019-11-22T12:31:43-06:00 December 3rd, 2019|Community|