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Covey Bankruptcy Law Firm, P.C.
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Covey Bankruptcy Law Firm, P.C.'s posts

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Should I file bankruptcy for $20,000?

I believe it is a matter of degree. Sometimes I am asked, “I have $20,000 in debt (or $10,000 or $100,000 or whatever).  Can I file bankruptcy?  And if I can, should I file bankruptcy?”  The answer to can you file bankruptcy is yes. There is no minimum amount of debt required to file bankruptcy.  If you are otherwise qualified, you can file bankruptcy.

Whether you should file is more of a judgment call.  Just because you can file does not necessarily mean you should.  read more...

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Bankruptcy Meeting of Creditors - What to Expect and 10 FAQ you need to know.  You filed bankruptcy now what? Well, you must attend a 341 Meeting also called a Meeting of Creditors. Where? When? What? Who? Read on and you will be better prepared and much less stressed out about going to you First Meeting of Creditors.

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Covey Bankruptcy Law Firm, P.C., 24014 W. Renwick Rd., Suite 105, Plainfield,  IL 60544, 815-609-0231
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Receive a 1099c this year? Read this post about Five Ways Not To Pay Tax on 1099c Forgiveness of Debt.
#bankruptcy   #tax   #debt  

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