Bankruptcy Blogger - Page 8 of 24 - Joseph Wrobel, Ltd. Attorneys at Law

Mortgage Relief During Coronavirus Financial Crisis

Mortgage Relief During Coronavirus Offers Several Options

Many Chicago area and suburban residents are wondering how they are going to pay their rent and mortgage payments after losing their income sources and suffering financial losses because of the Conoavirus outbreak. Many businesses remain shut down with no clear indication of when they can and will be able to reopen. But in the meantime, the rent and mortgage still have to be paid or many are going to face evictions and foreclosures.

Just Read full article read more

Bankruptcy And Your Home / Bankruptcy Basics - Chapter 13 / Bankruptcy Basics - Chapter 7

COVID-19 Coronavirus Bankruptcy: Save Your Home, Car, and Possessions

Chapter 7 and Chapter 13 Relief for COVID-19 Coronavirus Bankruptcy Business Closures

COVID-19 Coronavirus Bankruptcy filings are expected to increase. You should know your rights and options in the Bankruptcy Code if you need financial relief from debts you cannot pay. This is NOT YOUR FAULT. Many of your friends and neighbors know someone who is affected by the government-forced business restrictions and shutdowns. So many of Read full article read more

Bankruptcy Basics - Chapter 13 / Bankruptcy Basics - Chapter 7 / Consumer Finance

Tips for First-Time Home Buyers After Bankruptcy and Credit Repair

Qualifying for a Mortgage After Bankruptcy

Lenders understand that after your Chapter 7 or Chapter 13 bankruptcy, you have less debt to pay and more money to pay a mortgage. In most cases, you will have to wait for two years from the date of a Chapter 7 bankruptcy discharge date. Meanwhile, a Chapter 13 bankruptcy, which is a three to a five-year repayment plan, after 12 months of on-time bankruptcy plan payments, you can get an FHA loan.

Most people don’t take advantage of bankruptcy options Read full article read more