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William A. Krajec
Attorney at Law
837 South 4th
Springfield, IL 62703-2220
Telephone: (217) 525-2252
(800) 933-6690
Fax: (217) 525-2268
E-mail: info@billkrajec.com

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Bankruptcy Information

Do You Need A Bankruptcy?

Your income and assets may be fully or partially exempt from your creditors. Wages are exempt up to $231.75 per week per job after taxes. (This information is on garnishment papers.) Retirement, social security, child support, and unemployment are exempt.

All or most of your property will be exempt whether or not you file bankruptcy including residence, cars, furniture, pension, life insurance, etc.

If your income is exempt a bankruptcy will not help you financially but it will stop collection activity.  You have to decide whether to spend $1100 to stop it or fight your creditors another way.

 
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Copyright © 2005 Bill Krajec Attorney At Law
Last modified: 06/28/07