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Deficiency Judgment

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ricardoace Joined: 19 Jun 2009 Posts: 1 1.47 Dollars($)	Posted: Fri Jun 19, 2009 11:30 am    Post subject: Deficiency Judgment Is Illinoi a walk away anti-deficiency state or do i have to file bankruptcy in order to avoid a deficiency judgment.
jenkin7 Joined: 04 Jun 2007 Posts: 4282 Location: Hawaii 675.69 Dollars($)	Posted: Fri Jun 19, 2009 9:12 pm    Post subject: Hi Ricardo, As far as I know, Illinois is not an anti-deficiency state. It does not have anti-deficiency statutes which other states like California have. However, there are certain provisions in Illinois statutes, which can help a borrower avoid deficiency judgment. You need to contact a lawyer practicing in Illinois to know more about these provisions.

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