Legal Question in Bankruptcy in Illinois
Bankruptcy - Elder
Is filing bankruptcy for an elderly couple sensible. They are in extreme debt, with mortgage refinancing, deep credit card bills,etc.
Without debt, monthly pension, s.security is sufficient. Would this mo. income be jeopardized by claiming bankrupty?
Asked on 1/25/09, 3:11 am
1 Answer from Attorneys
Lesley Hoenig
Lesley A. Hoenig, Attorney at Law
Re: Bankruptcy - Elder
In their circumstances it may be sensible. They should consult with a local bankruptcy attorney so they can determine whether it makes sense with their individual circumstances.
Answered on 1/26/09, 2:34 am
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