Your Home and Bankruptcy

Des Plaines, Illinois, Bankruptcy Attorneys

At Rogoff & Betancourt, P.C., in Des Plaines, Illinois, our bankruptcy attorneys help people handle debt management issues. If you have become overwhelmed with your financial obligations, and you want a fresh financial start, come to our law offices today. Contact us to schedule your free initial consultation with a skilled bankruptcy attorney.

The Effects of Bankruptcy on Your Home and Other Properties

People who are considering bankruptcy or seeking other forms of debt relief often come to our offices with many questions:

• Can I keep my home in bankruptcy?
• Can I abandon my home in bankruptcy?
• Can I abandon a bad investment property in bankruptcy?
• Can I abandon a bad investment property but keep my home in bankruptcy?

Although your individual answer will depend on your personal circumstances, very often all of these questions have one answer: yes.

If you are facing home foreclosure, you can declare Chapter 7 bankruptcy and stop the foreclosure proceedings. A trustee will oversee the liquidation of your assets, but this trustee also has a great deal of discretion in handling your bankruptcy. You may be able to keep much of your personal property, and even save your home, as long as you can continue making mortgage payments.

Contact a Bankruptcy Attorney to Fully Consider All of Your Options

Bankruptcy may not be your best option. Depending on your individual circumstances, you may be better off finding debt consolidation opportunities to lower your monthly payments, or seeking other debt management options. Until you truly understand your options, you will not know. We offer free initial consultations, to help you make these very important decisions.

Contact our bankruptcy lawyers today.