Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Are you one of the 1,700 people that need protection from foreclosure this month?

The St. Louis Post-Dispatch posed the question, “Have we reached the new normal?” after the number of foreclosure filings in St. Louis (which didn’t even include the county or Illinois metro area) grew 4% last month. St. Louis has bounced between 1,500 and 1,700 foreclosure filings for most of the last two years. And that number doesn’t begin to count those who just received a notice of default. Those numbers add up to one in every 64 local homes being scheduled for a foreclosure auction so far this year. The Post-Dispatch article ends on a dismal note by saying, “With unemployment around 10 percent and expected to stay there for months, and no mortgage modification strategy yet to succeed on a wide scale, this fact of life could be with us for awhile.”

While the author of this article may have an accurate picture of the foreclosure rate, he missed something at the end. While foreclosure may have to be a fact of life, it does not have to be the end of life as we know it.

Whether you are in St. Louis city, St. Louis County, or Metro-East Illinois,protection from foreclosure is available with chapter 13 bankruptcy. A Missouri Bankruptcy attorney can stop your foreclosure dead in its tracks—and helps you get a handle on the rest of your debt by reorganizing it into one, low monthly payment. Wondering how to file Missouri or Illinois bankruptcy? You can learn more by visiting our section of Bankruptcy FAQ or by requesting a free copy of my book, “Get Out of Debt: Secrets Your Creditors Don’t Want You to Know.” You can learn what bankruptcy is, if you should file bankruptcy, how to find the best bankruptcy attorney in your area, and more. And you might just find the information you need to avoid becoming just another statistic.

IMPORTANT NOTE: If you have a sale date on your home, it is important to take action immediately. You can contact our office for a free by clicking here.