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Chicago, Illinois 60603
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Oak Lawn, IL 60453
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Chapter 13 Bankruptcy clients who are in the income based repayment (“IBR”) program for their student loans are at risk of having those plans cancelled by the lenders during their Chapter 13 cases. What this means is that upon filing the Chapter 13, the lender will place the loan into a forbearance status, continuing […]
Short Sales as an Alternative to Bankruptcy
We’re now in 2018, and many properties have regained market value since the financial crisis of 2008, which caused a short sale boom. However, in the Chicago area, many properties continue to be underwater, meaning that their market values are less than the balance owed to the mortgage lienholders. So, while not a […]