AboutTerry Leeders Expertise Handles Chapter 7 and Chapter 13 bankruptcy cases.
10 years of extensive bankruptcy experience. Filed over 3000 cases
Chicago Bankruptcy Lawyer website "One On One Personal Service You Deserve"
Experience I have been practicing bankruptcy law for 10 years. I have helped over 3000 consumer bankruptcy clients in that time.
Organizations Chicago Bar Association
Illinois Bar Association
Question I own two rental houses in san diego. Both are likely to enter foreclosure soon. Can I protect and hold onto them if I enter into bankruptcy?
Answer Chapter 13 can help cure arrears. You would need to show the court that you have enough disposable income to afford the repayment plan for the next 3-5 years, including your other debts you may have.
You need to watch out for the debt ceiling though, you are ineligible if your secured debt is greater than $1,010,650 total.
