Legal Question in Bankruptcy in Illinois

Bankruptcy and employment

I've read about bankruptcy in Illinois. It seems one of the requirements is that you must be employed to file. Is this true? The reason I might have to file is that I lost my job and haven't been able to get another. Please help.

Thanks.


Asked on 1/16/01, 5:24 pm

1 Answer from Attorneys
Charles Dobra Charles Wm. Dobra, Ltd.

Re: Bankruptcy and employment

You only need "income", not necessarily from employment (i.e., you could be receiving Social Security benefits) to file a Ch. 13; income is not necessary for a Ch. 7 filing.

Read more
Answered on 2/15/01, 11:05 am


Related Questions & Answers

More Bankruptcy Law questions and answers in Illinois