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CML Bankruptcy
CML Bankruptcy, Attorney
Category: Bankruptcy Law
Satisfied Customers: 24
Experience:  Highly experienced in Chapter 7 & 13 bankruptcy.
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I have $169,000 in personal debt (not including mortgages).

Resolved Question:

I have $169,000 in personal debt (not including mortgages). I have another $220,000 in mortgages. My gross income is $86,000 per year. My monthly expenses are $4500 not including a credit card or loan payments. Would I qualify for Chapter 7 bankruptcy in Illinois? If not, how much of my monthly income would I have to give up to creditors if I file for Chapter 13?
Submitted: 4 years ago.
Category: Bankruptcy Law
Expert:  CML Bankruptcy replied 4 years ago.

CML Bankruptcy :

Good evening. Thank you for the opportunity to assist you this evening.

CML Bankruptcy :

So that I can give you the most complete legal information possible, what is the total value of the properties securing the mortgage(s)?

CML Bankruptcy :

And, what expenses are you including in your monthly expenses?

CML Bankruptcy :

And, how many people live in your household? Is the $86,000 the total household income?

CML Bankruptcy and 3 other Bankruptcy Law Specialists are ready to help you
Expert:  CML Bankruptcy replied 4 years ago.

Once I receive this additional information, I'll be better equipped to respond to your question.


I await your response.




Customer: replied 4 years ago.
I was still typring my answer when you ended the chat. please give me a few minutes to answer your questions.
Expert:  CML Bankruptcy replied 4 years ago.

No problem. The chat program doesn't always let me know when a customer is still there. My apologies.

Customer: replied 4 years ago.
I keep trying to send my answer and it disappears when I hit the reply button
Expert:  CML Bankruptcy replied 4 years ago.

Hmmm. I haven't had that happen before. Can you try it again?


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