Legal Question in Bankruptcy in Illinois

credit cards

I am gonna have to file bankruptcy soon, I am over 40,000 in debt. I have two maxed out credit cards i was gonna put on my debts to file. I am unemployed working part time at a restaurant for minimum wage, one of my credit cards is only a few months old but i maxed it out to try to cover my bills, also will the newness of the credit account and the fact that its past due in payments cause a problem when filing for bankruptcy?


Asked on 1/17/07, 6:13 pm

1 Answer from Attorneys
Terrance Leeders Leeders Law

Re: credit cards

Very good question.

It is wise to be concerned about the recent usage on the credit cards. Under the bankruptcy code, debt incurred within 90 days of your filing is considered presumptively non-dischargeable.

However, I could structure your case as to minimize the likelihood of this happening. Please contact me at the link or phone number in my profile, and I'll be happy to review this issue with you in detail. I offer free consultations. Also, we have generous payment plans for the fees, as I can tell money is tight for you each month.

Sincerely,

Terrance S. Leeders

Leeders & Associates, Ltd.

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Answered on 1/18/07, 10:10 am


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