QUESTION
Can my son file for bankruptcy if he has 5 years to serve?
Asked on Jan 06th, 2017 on Bankruptcy - Wisconsin
2 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Yes.
Answered on Mar 06th, 2017 at 5:17 AM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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If 'five years to serve' means he is in prison, he probably can file a bankruptcy petition. But at least for the present, why should he bother? Presumably he does not have measurable wages or property. I suppose he might want to clear away the debts he can as part of preparing for a new start in life. That seems like a good idea.
Answered on Mar 03rd, 2017 at 5:44 PM