Secured Debt and Chicago Bankruptcy
Secured debts are any debts that involve collateral, such as a mortgage or a car loan, in which creditors are able to take back the property or collateral if there is a default on payments.
How you handle your secured debts requires some thought and analysis because the decision you make today has a great impact as you move forward to get your financial life in order.
The bankruptcy lawyers at Edwin L. Feld & Associates have helped thousands of clients obtain debt relief in Illinois. We can analyze your case and help you decide what options are best for you and your family.
Learn more about discharging unsecured and secured debt in Illinois. Call 888-645-4357 to schedule a free initial consultation with an experienced bankruptcy lawyer. WE OFFER PAYMENT PLANS.
Illinois Secured Loan Attorneys
Bankruptcy provides debt relief, but also offers an opportunity to retain assets or surrender property.
Chapter 7 bankruptcy may be appropriate if you are current on your mortgage or car payments but you have substantial unsecured debts, including credit cards, medical bills, utilities, repossessions and other types of unsecured debts. Chapter 13 may be the solution if you are behind on your mortgage or car payments and want to stay in your home or keep your vehicle. It will also stop your condo association from proceeding with eviction.
Our firm will address your secured debts on a case-by-case basis, including mortgages, vehicle loans and other secured debt. We will explain your options and help you make decisions in your best financial interest.
Contact Our Chicago Secured Debt Relief Lawyers
Our central office is in Chicago and we have office locations in Arlington Heights, Gurnee, Homewood, Oak Lawn, Oak Park, Round Lake and Skokie. Contact us for a free consultation at 888-645-4357 or by e-mail.