Should I File for Bankruptcy During the Holidays?
The holiday season can be difficult on family finances. The costs of gift giving, elaborate family meals, and Thanksgiving travel can put many Chicago families in more debt than they are able to manage. If you are already considering filing for consumer bankruptcy , is it a good idea to do it during the holiday season? Or would you be better off waiting? Filing for Consumer Bankruptcy in December Generally speaking, personal bankruptcy filings are at their lowest during the holiday months, according to data from the American Bankruptcy Institute (ABI). Whether this has to do with the fact that most Illinoisans are concentrating on family activities (and putting their financial problems on hold) or simply cannot find time to speak with a Chicago bankruptcy lawyer during this season, it is important to consider the ramifications of filing for bankruptcy just after the holidays. Most notably, there are certain exceptions to bankruptcy discharge that may prevent you...