Illinois | Credit and Debt Law
8/09/10, 10:20 pm
Legal Question
I understand that a debtor's business income is unprotected (not exempt) as far as collections or a judgment is concerned. However, if the business is a sole proprietorship, or if the debtor is an independent contractor (secretarial service or computer consultant), and the income thus far is less than $4000, is the income still unprotected?
I have no other income, no job in the last 2 years, so I would like to freelancing; however I can't operate in Chicago without a business license.
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Read More Answered By: Jonathan Shimberg |
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