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?
State/Country relating to question: Illinois
Good evening. Thank you for the opportunity to assist you this evening.
So that I can give you the most complete legal information possible, what is the total value of the properties securing the mortgage(s)?
And, what expenses are you including in your monthly expenses?
And, how many people live in your household? Is the $86,000 the total household income?
Highly experienced in Chapter 7 & 13 bankruptcy.
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Once I receive this additional information, I'll be better equipped to respond to your question.
I await your response.
I was still typring my answer when you ended the chat. please give me a few minutes to answer your questions.
No problem. The chat program doesn't always let me know when a customer is still there. My apologies.
I keep trying to send my answer and it disappears when I hit the reply button
Hmmm. I haven't had that happen before. Can you try it again?
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