Legal Question in Bankruptcy in Illinois
Bankruptcy
I cannot afford to hire an attorney and file a response to a law suit. If I don't file and am found liable what choices do I have? I have a job and make okay money but I pretty much live paycheck to paycheck. I don't own any property and have just a few credit cards. Can I file bankruptcy for the judgement alone or if I file bankruptcy do I have to claim all my debt or just the amount of the judgements. If I do this can they still try to sue me down the line years later.
2 Answers from Attorneys
Re: Bankruptcy
If you file a bankruptcy, you have to list all of your debts. It will cover all of you r previous debts. There is away to keep the credit lines open.
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Re: Bankruptcy
In bankruptcy, you must list down all debts you owe. If they get a judgment, they can garnish up to 15% of your paycheck. Most debts are dischargeable under chapter 7. Contact me for a free consultation.
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