Posted on
August 6, 2009
at
1:40 am
hope anyone can share information on Illinois bankruptcy exempt property. thank youi am on the verge of filing for chapter 7 bko and i am starting to make assessments on my property.
Posted on
August 6, 2009
at
1:59 am
Here they are:* Bible, family photos, schoolbooks, clothing* Health aids* Motor vehicle, up to $2400* Personal injury recoveries up to $15k* Pre-need cemetery sales funds, care funds, and trust funds* Prepaid tuition trust fund* Proceeds of sold exempt proprty* Wrongful death recoveries
Posted on
August 7, 2009
at
4:35 am
Have you considered other options for bankruptcy, Annie Molly? You did say that you're still on the verge of filing . . .
Posted on
August 11, 2009
at
2:12 am
Well I'm more than a little concerned, turns out I just may lose more property than I actually need.I'm far gone in debt, Karess. I have $15k in debt because my husband left me. He refuses to take responsibility for the accts that we have. It's very sad and I'm trying my best to cope.
Posted on
August 11, 2009
at
2:46 am
but do you still have some disposable income or another source of income, perhaps? If anything bankruptcy should really be deemed as a last resort in paying off bills.
Posted on
August 28, 2009
at
4:53 am
It's good to find out what the exempt properties are in Illinois even if you don't really don't have to file bankruptcy. Unless you need the automatic stay provision - save yourself from filing. With a debt amount $15,000, perhaps debt settlement is the better option. Are your accounts past due?
Posted on
August 28, 2009
at
5:02 am
I agree, plus why file bankruptcy, when Illinois is not one of the states that prohibit the use of professional settlement service? Also with debt settlement your $15,000 debt has a chance of being lowered to more or less half.If you'd like for your financial situation to be assessed for free, just fill out a form here at destroydebt.com.
Posted on
August 28, 2009
at
5:05 am
If you are wondering how much it's going to cost you, Debt settlement companies would charge 15% of your total debt amount -spread over 18 months or they will take between 20-25% of the settlement amount.
