How We Can Help you

Bankruptcy Blog

Library

What is the Foreclosure Process Like in Illinois? | Fairview Heights Illinois Bankruptcy Attorney

Overall, the rules in Missouri and Illinois are strikingly similar but there are some key differences that a St. Louis bankruptcy attorney must know if he or she is going to file a bankruptcy case across the river. When it comes to foreclosure, the process itself is slightly different.

In Illinois, homeowners that are in danger of losing their homes go through a judicial foreclosure. That means that the lender must get a judgment against them from a court in order to continue with foreclosure proceedings. It makes the process in Illinois longer than in Missouri, where a typical foreclosure is started and finished in 21 days.
More time? Isn’t that good news? Well, it is good news as long as you know where to find protection from foreclosure. Unfortunately, since a foreclosure in Illinois involves a court appearance, it can be a bit scarier and, consequently, cause more confusion and panic. Luckily, there are Fairview Heights, Illinois bankruptcy attorneys who know exactly how to ease your fears and save your home.

Chapter 13 bankruptcy in Illinois can stop your foreclosure along with any wage garnishments, repossessions, or harassing creditor calls. Chapter 13 bankruptcy is a powerful federal law that lets you reorganize your debt into a plan that helps you keep food on the table, keep a roof over your heads, and keep your family happy and healthy. The best part is, your creditors can’t do anything about it.

Remember, if you are looking for an attorney at a St. Louis law firm to help you with your foreclosure, make sure that he or she has experience with Illinois bankruptcy and foreclosure and a location that is convenient for you on your side of the river. It is easy to overlook the subtle differences between Missouri and Illinois and, if your bankruptcy attorney is not well experienced, it might ruin your bankruptcy case—and your ability to save your home.

Wondering what else to look for in a great bankruptcy attorney? Request a free copy of my book, “Get Out of Debt: Secrets Your Creditors Don’t Want You to Know,” to learn what bankruptcy can do for you and how to find the best bankruptcy attorney for your case.

News