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How ZAP can help you…

Save your house during bankruptcy

For many people dealing with house payments, variable interest rates and other mortgage concerns can be a difficult and trying responsibility, especially during a financial crisis. It is not uncommon for most of us to have situations which arise during our home ownership which require immediate attention and, in many cases, legal intervention. It is possible, with the right tools, to stop a continuing delinquency from getting worse. Failure to face problems head on could result in the loss of the home.

During our fifty years of providing help to our clients in the Chicagoland area, we have used our experience to alleviate dire situations. In most cases, we can save your house and put you and your family back on the right track again. By using the legal tools at our disposal and the expertise we have acquired over the years, we can stop foreclosures, work out a reasonable repayment plan and satisfy the mortgage company.

Although there have been changes in the bankruptcy code, the general filing process can be made very tolerable and comfortable. Using Chapter 13 to help work out arrangements with your creditors will aid you in restoring your own financial stability. It will allow for a reasonable repayment plan and isolates the mortgage arrears from the regular payments so that each can be dealt with separately making it easier to become current and stay current.

The plan can provide for other bills, as well. It can give your family the flexibility to deal with debt problems with complete protection from creditors. Without the need to refinance or incur additional debt, you can resolve all your financial problems, including mortgage deficiencies and car payments, in an orderly and just fashion.

Now they work together

Homeowners who are behind on mortgage payments can take comfort in a new Federal Regulation that eases the process of saving your home. For homeowners who live in the Chicago area and are considering this new regulation called the Home Affordable Modification Program (HAMP), you should understand how personal bankruptcy can affect this type of loan modification.

It used to be that filing bankruptcy made it nearly impossible to obtain a loan modification. BUT THAT HAS CHANGED! The fact is, a bankruptcy can now enhance your ability to get approved for the HAMP program. You still get access to the same legal protections a bankruptcy can provide but you can also make a loan modification more likely.


If you want to save your home and explore filing bankruptcy, you need legal advice form someone you can trust. Our attorneys are here to help you understand your options and weigh the benefits of HAMP and bankruptcy. Call us today for a free consultation at one of our many locations. With over 50 years of experience in bankruptcy, we’re ready to help you get the relief you need. Call us today to set up a free consultation.


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