top of page
Buying a House

Bankruptcy gives us power over the mortgage companies

You don’t have to lose your house

The goal of a bankruptcy proceeding is to enable you to eliminate your debt while still allowing you to keep your home and other real estate. If you owe more or about the same as what the house is worth, then ur house is not worth anything to your creditors.  On the other hand, if you have equity in the property, meaning you would be able to pay off your mortgage AND make a profit by selling the property, then your house is in danger under a bankruptcy because the creditors will try to sell it off and use the profits to obtain their debts.

Our job is to make sure you can keep your house and still successfully file a bankruptcy.  We do this by checking if you have equity in the house, and if you do, figuring out strategies that you can have the house anyway. One option is to file a Chapter 13 Bankruptcy instead. (See: [LINK] “Types of Bankruptcy”).  Under a Chapter 13, your real estate cannot be taken away. 


Let the Sexner Law Group help you protect your assets and your home. 

When foreclosure sale does not eliminate your mortgage, bankruptcy takes care of the deficiency

Imagine you owe $150,000 on a mortgage, when the house is foreclosed and sold for $100,000.  You think you are free on the rest of what you owed, right?  Wrong!  You still owe the remaining $50,000 that the foreclosure did not earn!  This is known as a “deficiency judgment”.

A bankruptcy can take care of the deficiency judgment, so you will owe nothing. You don’t even have to wait until the property is sold under foreclosure to start filing for bankruptcy. Contact the Sexner Law Group now to find you how we can help protect your finances.

If you are behind on your mortgage, bankruptcy can prevent a foreclosure

Under a Chapter 13 Bankruptcy, if you have fallen behind on your mortgage we can force the mortgage company to accept a payment plan and stop foreclosure proceedings.  The Bankruptcy forestalls the payments due so you can resume paying regular monthly mortgage payments plus an extra regular catch-up payment to the Chapter 13 trustee.  This arrangement is helpful for people who have gone through some type of temporary setback (such as: illness, loss of work, drop in business, etc.   In this way, we both save your house, and give you a restructured payment plan to include any other bills you still owe. That way you have a manageable path to get back on top of your finances.  But, you cannot wait!  You have to file your bankruptcy before the mortgage company carries out the foreclosure. You must act quickly!

Contact the Sexner Law Group  to find out how we can save your home.

Another alternative is, If you feel you are falling behind on your mortgage payments due to other debts you have taken on, a Chapter 7 can help you by getting rid credit card debts, medical bills and many other types of debt . This will enable you to be able to afford your mortgage payments.



If I do surrender my house in a Bankruptcy, how long does it take until I am forced to leave it?

If you do decide to surrender your house in a bankruptcy, it is still possible to stay in the house for months while the mortgage company goes through the process of foreclosure and eviction. With foreclosure defense, which The Sexner Law Group also provides, it can even take years.

Student Loans, they are difficult to get rid of, but not impossible.

They are difficult to get rid of, but not impossible.


It is possible to get rid of student loans in a bankruptcy, however it is very difficult. You have to demonstrate a special level of hardship that is beyond the normal standard for bankruptcy. Even if we cannot discharge the student loans in a Chapter 7 bankruptcy, it is still possible to force your student loans into a repayment plan or into a long term deferral with a Chapter 13 bankruptcy.

Contact us now to find out how we can help you with your student loans.

“How a 29-year old student loan ended in an arrest” – CBS Money Watch

“U.S. Marshals Arrest Houston Man for 1987 Student Loan Debt” –NBC News

Why the percentage of past due student loans remains stubbornly high” – The Washington Post

“Guy arrested during student-debt collection has to reimburse US Marshals $1,200 for his arrest” –Business Insider

You can get your driver’s license back with bankruptcy the same day.

If your license has been suspended, there are ways a bankruptcy can get it cleared again – immediately! It just depends on the reason it was taken away.


License Suspended Because of an Accident

If you were in an accident and you didn’t have insurance, your license may have been suspended.  This is called a “safety suspension”.  Your state can keep your license until you pay whatever you owe for the damage you caused in the accident.  A bankruptcy, however, can get rid of what you owe for the accident.  It can thereby also clear the suspension on your license.  If your driver’s license is being held because of a  “safety suspension” we can get your license back the same day we file your case .

One exception to this is if you were accused of DUI during your accident.  Still, we have helped many clients successfully get a bankruptcy even in cases where they were suspected of drunk driving.

License Suspended Due to Toll Violations and Parking Tickets.

Illinois and other states can suspend your driver’s license if you owe money for toll violations or tickets. If your license has been taken due to this type of suspension, a bankruptcy can help get it back. It will not eliminate these fines completely, but it will force the state to accept repayments on the debts, which can be as little as $100 per month. In the meantime, you can get your license back immediately. 


Contact the Sexner Law Group to find out how to get your driver’s license back today !

You don't have to lose your house.
When Foreclosure sale does not eliminate your mortgage
If you are behind on your mortgage
If I surrender my house in bankruptcy
Student Loans
Get your license back the same day
License Suspended becasue of an accident
License suspended due to toll violations and parking tickets
bottom of page