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| Chapter 7 Bankruptcy Success - Bankruptcy Statistics | |||
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Chapter 7 Success Lawyers Chicago - Bankruptcy Statistics Bankruptcy StatisticsOne of the leading companies in bankruptcy software is Best Case Bankruptcy, they were originally from Evanston, right here in Illinois and they did a study based on the numbers that they have as to how many people who filed under the old law would be eligible to file under the current law. Are you familiar with any of those statistics? I sure am and the statistics, the percentage that you’re talking about is 85% of the people that would have been eligible under the old law are eligible under the new law. That’s only 15%. That’s not a whole lot. What that means for the 15% that wouldn’t be able to file now under the new law, all that simply means is that they get shifted to another chapter, into a Chapter 13. So, they have to pay something back. And that could be anywhere really from 10% to all the way up to 100% back depending upon their specific situation. That’s why is so very important for anybody who has a question in their own circumstances to find a competent bankruptcy attorney to be able to advise them correctly.
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| This website contains legal information, and not legal advice. It's content refers only to the law of the United States. | ||
| Law Offices of David M. Siegel Chicago, IL |
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| We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. | ||
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