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Chicago Debt
Collection Attorneys
Serving mortgage lenders
and finance companies
Chicago Debt
Collection Attorneys
Serving mortgage lenders
and finance companies
Chicago Debt
Collection Attorneys
Serving mortgage lenders
and finance companies

Chicago Debt Collection Lawyers

Creditors' Rights and Debt Collection Attorneys in DuPage County, Cook County, and Northern Illinois

Since 1983, Walinski & Associates, P.C. has successfully represented creditors for debt collection actions in Chicago and the surrounding areas. Our attorneys have in-depth knowledge of all areas of creditor's rights law, and we put our extensive experience to work to provide innovative and cost-efficient recovery solutions for each client we serve. We work with lenders of all types and sizes. Whether you need assistance with a mortgage foreclosure, judgment enforcement, credit card collection, or any other type of debt recovery, we can develop an effective legal solution, customized to fit your needs.

One-Stop Debt Recovery Solutions for Mortgage Lenders

The mortgage foreclosure process is complex and time-consuming. If all the legal steps are not followed and the paperwork is not in order, mortgage lenders can encounter greater difficulty bringing the process to a swift and fruitful conclusion. We have several decades of foreclosure experience, and we work closely with our clients through each step of the process. We thoroughly examine each individual case, taking into account all relevant factors to develop the best path toward a positive outcome.

For example, in some cases, a foreclosure alternative such as a loan modification, short sale, or deed-in-lieu of foreclosure might be the best approach. If your debtor has filed for bankruptcy, we can most often resume the foreclosure proceeding with a lift-stay motion. If you are a second mortgagee, we take aggressive steps to ensure your interests are fully protected and you are able to maximize recovery efforts, even though you are not in the first position on the loan.

We represent lenders not consumers

Practice Areas

Personalized Debt Collection Attorneys in Chicago

Many law firms that handle high volumes of loans operate similarly to foreclosure mills or collection agencies. They hand off their loans to paralegals or legal assistants with limited experience, often yielding disappointing results. At Walinski & Associates, P.C., we are hands-on attorneys who work directly on each case. We value personal relationships, and we pride ourselves on client interaction. We stay in close contact with our clients, and we provide ongoing updates, so you are always kept informed. Our successful track record and commitment to providing highly personalized client service has helped earn us an 5/5 AV Peer Review Rating from Martindale-Hubbell, one of the nation’s premiere legal rating services.

Illinois Creditors Bar Association Chicago Bar Association Illinois State Bar Association

Results-Oriented Chicago Creditors' Rights Lawyers

We understand that in the world of debt recovery, there is never a "one-size-fits-all" approach that works in all circumstances. With each case we handle, we have no pre-set agenda or formula; our only goal is to produce optimal results for our clients. Our attorneys are strong negotiators and skilled litigators. Whenever possible, we seek to negotiate a favorable settlement and avoid litigation. If negotiations break down, however, we are ready and able to aggressively pursue your interests in front of any and all available venues. If you are a lender (of any type or size) who needs to collect unpaid debt from a business or individual, contact our office today at 312-704-0771 for a personalized consultation with one of our experienced Chicago debt collection attorneys.

OUR BLOG

10

Sep

How Are Debts Prioritized in a Bankruptcy Case?
 
Creditors will often need to address situations where debtors do not pay the debts they owe. While creditors can often take action to recover what is owed through debt collection practices, they...
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20

Aug

Lender Requirements in Loan Modifications Related to COVID-19
 
For most of 2020 and 2021, mortgage lenders have been unable to pursue foreclosures in cases where homeowners have federally-backed loans. The CARES Act placed a moratorium on foreclosures, and it also...
Read More »

10

Aug

When Can Creditors Use Detinue When Repossessing Property?
 
When a borrower defaults on a loan, a creditor has the right to repossess the collateral used to secure the loan. This option may be used by auto lenders or other creditors,...
Read More »

27

Jul

Bankruptcy and Cramdown Loans
 
One of the most frustrating issues a creditor faces is when a customer stops paying their bills and their past due balance begins to accumulate despite the creditor’s attempts at collecting. That...
Read More »
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Executive Order 2020-25 RESCINDED.
On April 20, 2020 Illinois Governor J.B. Pritzker issued Executive Order 2020-25. This order prohibited the service of garnishments or citations, purportedly to check the spread of the Covid-19 virus. According to the order, people would have to travel to contest such proceedings, and allowing garnishments would deprive people of the means to support their families during the crisis. The Executive Order was extended from month to month, most recently to June 25, 2021. On June 11, 2021 it was announced the Executive Order would not be extended again. We anticipate the court system will be overwhelmed with the volume of post judgment enforcement proceedings, but at long last judgment creditors have their right to enforce judgments restored.

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