Chapter 7 Bankruptcy Decision For Mr. Singer From Zion, Illinois

This is the case of David Singer from Zion, Illinois which is located in Lake County, Illinois.  Mr. Singer has never filed a bankruptcy before.  He is not a homeowner.  He is living with family and friends.  He owns no vehicle.  He owns very little in the way of personal property.  He has a checking account and a savings account at Chase totaling $1000.  He has minor household goods worth approximately $400 and minor clothing worth approximately $200.  He is single with no dependent children and he is currently unemployed.
He is receiving unemployment income of approximately $740 per month.  His monthly expenses exceed $740 per month that he is bringing in.  So Mr. Singer is definitely in a position to get a fresh start.
Let’s look at Mr. Singer’s debts.  He has credit card bills, approximately $14,000 worth.  He has medical bills of only $2000 and he’s got past-due utilities of approximately $800.  Since he is unemployed and unable to make ends meet, Chapter 7 would be a strong recommendation for Mr. Singer.  Chapter 7 would eliminate the credit card debt, the medical bills and the personal loans and the past-due utility bills.  He would be able to save for his future and he would be able to get a fresh start within approximately 110 days from filing until discharge.