So good news, filing bankruptcy will not affect immigration status, green card or the ability to apply for US Citizenship. The only way it could possibly affect these processes, is if it is found later that you had lied in your bankruptcy case under oath, or left out information in the bankruptcy petition,
Category: Bankruptcy
Bankruptcy and Benjamin Franklin
We can learn a lot from Franklin’s perspective. Unhealthy spending habits, lack of discipline and debt can be very cancerous to our lives. So what else has he said on this topic? A well-known quote of his is as follows: “For age and want, save while you may. No morning sun lasts the whole day.”
Money Talks
Relationship money talks about finances should be happening often in serious relationships. They are especially important when you and your significant other are talking about joining your future together in a marriage. When you get married, your spouse’s financial situation can really affect you.
Will bankruptcy affect my husband?
Sometimes filing bankruptcy individually isn’t necessarily the best option if you and your spouse share debts, and only one one of you files since debt collectors still have the ability to contact the non-filing spouse regarding debt payments. Filing jointly can be beneficial to your spouse in that situation, because it could protect them from debt collectors.
Cosigners and Bankruptcy
The idea that Shakespeare is illustrating in Hamlet relates very closely to the modern day concept of being a cosigner to someone else debt. Ever wonder what happens if the guy you cosigned with filed bankruptcy? How does cosigners and bankruptcy work? Let the Utah Bankruptcy Guy explain:
Will Bankruptcy Save My House
The most common method, used by a mortgage lender to collect on a past due home loan is to foreclose. A foreclosure is the forced sale of someone’s home in order to pay back the debt owed on the mortgage that was used to buy the home. If you have fallen behind on your mortgage payments there are ways to keep your home using the bankruptcy process.
Why file Chapter 13 Bankruptcy
If you’ve ever wondered, “Why file Chapter 13 bankruptcy?” This post might help. Before we can answer that question, however, we will need to learn more about what Chapter 13 Bankruptcy is and what it entails.
No Money Left
Large corporations understand the benefits of bankruptcy and may utilize it to keep their company afloat. However, the average person doesn’t usually know that when they have no money left, bankruptcy is actually a safety net. The Utah Law Office of Douglas Barrett offers free personal bankruptcy consultations to discuss what strategies are best for you in your financial situation
Bankruptcy Unmarried Head of Household
If you are not married but consider yourself the the head of a household how does that work in bankruptcy? As you may know in bankruptcy you must report your household income and household size. It can become complicated. The United States Bankruptcy Trustee typically uses the definition of the IRS to determine household status.
5 Bankruptcy Terms You Need to Know
Learn these 5 bankruptcy terms you need to know and you be ahead of most non attorney participants in the bankruptcy court system. Using an experienced bankruptcy attorney to help you navigate a complex court system will save you time and money in most circumstances.