St. Louis and Illinois, despite being only a river apart, have many different laws and processes, including the process of foreclosure. If you are looking for a St. Louis law firm to provide you with protection from foreclosure, it will be important for you and the attorneys to know the difference in the process--and the differences in the solution.
For foreclosure in Illinois, the lender must actually go through the court to get a judgment against you. Your lender has to go to court to actually go through with any foreclosure proceedings. In Missouri, a homeowner can get all the way through a foreclosure, from notice to auction, in 21 days. Because Illinois has judicial foreclosures, the process does take slightly more time. Does this mean that Illinois' foreclosure process is a breeze?
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Well, not necessarily. Notably, going through an Illinois foreclosure can cause more confusion and panic because you must appear in court. It is hard to find the best protection from foreclosure when your brain is cluttered with confusion and worry. Even though you have more time, finding a solution quickly should still be a priority. One thing that is the same for Illinois and Missouri foreclosure is the kind of help that is available.
A foreclosure can be stopped and your debt can be handled by a Chapter 13 bankruptcy in Illinois. What do I mean by that? In addition to providing protection from foreclosure, Missouri Chapter 13 bankruptcy stops wage garnishments, repossession, harassing creditor calls, and reorganizes your debt into a payment plan that you can handle. Best of all, your creditors are powerless against it. Bankruptcy is a very powerful federal law. It forces your creditors to take less money monthly over a longer period of time. It also stops them from taking any action against you and gives you room to breathe. In the mean time, you can keep food on the table for your family and protect them from losing their home.
Keep in mind that, if you are looking for a St. Louis law firm to handle your Illinois bankruptcy, the attorney needs to be aware of the different laws in both states regarding foreclosure and bankruptcy. Make sure any St. Louis Missouri bankruptcy attorney has satisfied clients on both sides of the river and possibly even a convenient location in Illinois.
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