Illinois  |  Bankruptcy

Legal Question

Asked on: 2/27/09, 12:17 pm

bankruptcy

just laid off 2 days ago. company is giving me 9000.00 severence check. should i wait to file until after i get it. or is it ok to file before

2 Answers


Answered on: 2/27/09, 12:19 pm by John Steele

Re: bankruptcy

It will count as an asset either way.


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Steele Law Firm 161 N. Clark Street, Suite 3200 Chicago, IL 60601

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Answered on: 2/27/09, 2:03 pm by Robert D. Rotman

Re: bankruptcy

You should wait to file your bankruptcy. It is an asset if you file it now and you may loose it to a trustee, however if you wait to file you can use the money for regular living expenses. Then when the money is depleted you can then file. Any questions please call.


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Rotman & Elovitz, Ltd. 134 N. LaSalle Suite 200 Chicago, IL 60602

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