Legal Question in Bankruptcy in Illinois

can i do it?

I am out of job and need to file for a bankruptcy, i have credit card worth $6000 due, i cant pay them as i have no income now. Can i file the bankruptcy?

please get back to me

thanks


Asked on 5/07/02, 2:03 pm

2 Answers from Attorneys
Andrew Nichols Law Office of Andrew B. Nichols

Re: can i do it?

Short answer --- Yes, you can file. It will probably improve your emotional situation.

You are essentially asking if you have enough debt to necessitate or qualify for a bankruptcy filing. The Bankruptcy Code does not require a minimum amount of debt and currently there are no limitations to the amount of monthly income you can receive. Many people have the impression that they must be destitute in order to "qualify" for bankruptcy. This is not the case. You would most likely file for a complete "discharge" (a bankruptcy term which means wipeout or erase) under Chapter 7.

If you reside near Alton, IL or Chicago I would be happy to serve you. Please feel free to call me at (800) 303-0720

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Answered on 5/07/02, 4:24 pm
Lawrence A. Stein Aronberg Goldgehn Davis & Garmisa, LLC

Re: can i do it?

Probably. Hire a local bankruptcy attorney assess your particular set of circumstances.

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Answered on 5/07/02, 2:07 pm


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