Will a bankruptcy stop me from getting a job?

A Chapter 7 or Chapter 13 bankruptcy should not affect your ability to get a job or to keep a job if you have one. But in most cases, your employer won’t even know that you filed for bankruptcy unless you tell them. In other cases, the employer may learn that you have but probably won’t have a problem with the filing.

How does bankruptcy affect your job and future credit?

Bankruptcy may also affect your application for new employment opportunities. Many new employers will run a credit check as part of the hiring process. In addition, employment that requires security clearance, in most cases, will include a credit check. Although, they will need your permission to do so.

How much cash can I have when filing Chapter 7?

There is no limit to the amount of cash you can have in your bank account to be able to file a chapter 7 bankruptcy.

Can Chapter 7 take your tax refund?

A tax refund is an asset in both Chapter 7 and Chapter 13 bankruptcy. It doesn’t matter whether you’ve already received the return or expect to receive it later in the year. As with all assets, when you file for bankruptcy, you can keep your return if you can protect it with a bankruptcy exemption.

Can you file for bankruptcy if you have credit card debt?

Yes, Chapter 7 bankruptcy erases almost all credit card debt. So, if you owe far more than you think you can pay, Chapter 7 can likely help you get back on your feet and stay there.

What happens to your job if you file bankruptcy?

Many people fear that filing bankruptcy means their job will be in jeopardy. Chances are, though, your you won’t be in danger of losing your job. In fact, filing bankruptcy may actually help your employment situation.

Can a credit card company prove fraud in bankruptcy?

For bankruptcy purposes, this includes credit card charges or cash advances you never intended to pay back when you used your card. Generally, it can be difficult for credit card companies to prove fraud in bankruptcy court because they must prove you had no intention to pay back the debt at the time you incurred it.

When to file for Chapter 7 credit card bankruptcy?

Chapter 7bankruptcy ensures that almost all credit card debt gets erased. This is the best option to file for if you absolutely think you cannot pay off your debt in a timely manner, or if you owe more money than you can reasonably afford to repay.