Helping You Understand Your Options
When a creditor threatens to take away your home, car or other property because you are behind on your payments, it can be a frightening and frustrating experience for your entire family. In this situation, it is critical that you understand your rights and options.
At the Law Offices of Eric James Homa, PC, we are dedicated to helping financially distressed individuals in Central Illinois find the debt relief they need. Offering low-cost, high-quality service, our firm strives to help people in debt find relief through bankruptcy. To discuss your foreclosure or repossession matter with a skilled lawyer, call our office at 309-673-5297.
Foreclosure
These days, more and more homeowners are having trouble paying their mortgage. Eager to collect their money, lenders are aggressively pursuing foreclosure action. If you have received a foreclosure notice, we can help you save your home.
If the court approves a foreclosure, you will be able to live in your home until the date of the sale. Attorney Eric James Homa will be able to file Chapter 7 or Chapter 13 bankruptcy on your behalf even on the day of the sale, stopping the foreclosure and allowing you time to catch up on missed payments. However, it is more cost-effective to contact our firm when you first receive notice from the lender.
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Repossession
While repossession can involve a range of property, such as boats, motorcycles and major appliances, it most commonly refers to cars. If your car is in danger of being repossessed, it is important that you understand your rights. In Illinois, if the vehicle is parked in your driveway, a creditor has the right to take it. However, it the car is parked in your garage or another locked space, you do not need to let the creditor take the vehicle.
If your car has been repossessed, you may be able to get it back if you act quickly. By filing either Chapter 7 or Chapter 13 bankruptcy within a certain time frame, we can help you retrieve the vehicle. However, time is not on your side, so you must act swiftly.
Protecting Your Property
Are you facing foreclosure or repossession? You do not need to fight the battle alone. Contact us to arrange a complimentary consultation. While our main office is in Peoria, Illinois, we meet with clients at any of our five branches throughout Central Illinois. We also offer off-site appointments to meet your needs.
