Official Form 122A 1 United States Bankruptcy Court Ilsb Uscourts
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People also ask
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What is the income limit for Chapter 7 bankruptcy in Illinois?
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7. -
What are the requirements to file bankruptcy in IL?
Steps to Filing Bankruptcy in Illinois Tax returns for the past two years. Pay stubs for at least the past two months but preferably the last six months. Your credit report. Bank statements. Vehicle titles. Copies of bills you have gotten in the past few months. Your Social Security number and home address. -
What is the income limit for bankruptcy in Illinois?
The income limits for Chapter 7 bankruptcy in Illinois in 2021 are as follows: One-person household: $57,983. Two-person household: $76,602. Three-person household: $91,581. -
What is the median income for bankruptcy in Illinois?
(Cases Filed Between November 1, 2022 and March 31, 2023, Inclusive) .FAMILY SIZESTATE1 EARNER2 PEOPLEHawaii$72,950$85,718Idaho$58,089$71,960Illinois$62,130$78,60251 more rows • Nov 1, 2022 -
What is Form 122A?
Official Form 122A─1. Chapter 7 Statement of Your Current Monthly Income. -
What is exempt from bankruptcy in Illinois?
$15,000 of real estate or personal property that is occupied by the filer, including farm, lot & buildings, condo, co-op or mobile home. If real estate or personal property is sold, the sale proceeds are exempt for one year. -
What is the income limit for Chapter 7 bankruptcy in Illinois?
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7. -
Are bankruptcy records public in Illinois?
In the state of Illinois, it is possible for anyone to search for bankruptcy cases, as they are considered public information under the Illinois Freedom of Information Act.
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