Chicago Bankruptcy Attorneys and Firm That Is Unique Our attorneys know Chicago and its people. Every bankruptcy and foreclosure attorney at our small boutique law firm graduated from a Chicago law school. The firm’s attorneys, Gregory K. Stern, Monica C. O’Brien, Rachel S. Sandler, and Dennis E. Quaid, take pride in providing personalized representation to each and every client. This personal touch, plus nearly 100 years of combined bankruptcy experience, is what makes our firm unique. The Bankruptcy attorneys at our office have experience in Chapter 7, Chapter 11, and Chapter 13 bankruptcies,loan workouts, foreclosures, and debt restructuring and settlement. Our clients have found relief from their credit card debt, business debt, wage garnishments, parking tickets, pay day loans, tax debt, and vehicle repossessions. The Chicago bankruptcy and foreclosure attorneys at our office are members of the Chicago Bar Association and the Illinois Bar Association. We recognize the unique difficulties and responsibilities Best Bankruptcy Attorney Chicago area communities face and tailor our services to meet your needs.
Many homes have not recovered from the housing market crash in 2008. In fact, many homes are still underwater, meaning that there is no equity in the home because the debt on the property is greater than the value of the property. In some instance, the homeowner may decide that keeping the property is not in their best interest. They may stop making
monthly mortgage payment, forcing their lender to initiate a foreclosure action. This is known as a strategic default. While this may sound enticing to some homeowners, there are disadvantages to a strategic default, including but not limited to the possibility of a deficiency judgment and a negative impact on your credit score. If you are considering walking away from your property call Gregory K. Stern - Chicago Bankruptcy Attorney to discuss your options.