Legal Question in Bankruptcy in Illinois


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

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

2 Answers from Attorneys

John Steele Steele Law Firm

Re: bankruptcy

It will count as an asset either way.

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Answered on 2/27/09, 12:19 pm
Robert D. Rotman Rotman & Elovitz, Ltd.

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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Answered on 2/27/09, 2:03 pm

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