Legal Question in Bankruptcy in Missouri
I have been living in Missouri for 6 yrs. I have a house in Illinois. Which was awarded to me in Dec. 2009. I need to file for bankrupcy would I file in Missouri or Illinois?
Asked on 1/26/14, 12:48 pm
1 Answer from Attorneys
Alicia Beeler Villines Alicia Beeler Villines (sole practitioner)
Missouri. FYI: The $15,000 Missouri homestead exemption probably can't be used to shelter equity in your Illinois house. Consider chapter choice -- 7 or 13-- carefully. "Hold harmless" provisions in a divorce have been held to be non-dischargable. It's always better to know the ramifications of your choices before you file, rather than after.
Answered on 1/27/14, 8:18 am
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