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Is it a good move to resign from a job to qualify for Chapter 7 bankruptcy?

Date: Thu, 08/23/2018 - 01:09

Submitted by Kelvin
on Thu, 08/23/2018 - 01:09

Posts: Credits: [Donate]

Total Replies: 4


Is it a good move to resign from a job to qualify for Chapter 7 bankruptcy? I would like to add that the job is not that much lucrative. it's a job with a hourly basis pay of about $12


Don't quit your job because it will increase the suspicion of the bankruptcy trustee. Don't forget that bankruptcy trustee takes means test seriously. He may even dismiss your Chapter 7 case and force you to file Chapter 13. In case of Chapter 13, you have to follow a repayment plan. You'll be in a big trouble without any income. Also, you may have to wait for another 6 months before filing bankruptcy after you leave your job.


lrhall41

Submitted by David Martin on Thu, 08/23/2018 - 20:53

( Posts: 394 | Credits: 3933 )


Before filing bankruptcy, you can try out debt settlement. If required, you can take professional help to settle your debts and get rid of them by paying less than what you owe.
Opting for settlement can help you get rid of your debts fast. Your credit score will also get impacted relatively less as compared to bankruptcy.
So, have knowledge about the options, know the pros and cons, and then take your call.


lrhall41

Submitted by Good Nelly on Fri, 08/24/2018 - 00:48

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In bankruptcy, you have to qualify in the means test. So, you have to earn money to get the approval in the test. If you don't want to do this job, then find out one good job as soon as possible.
By the way, you can consider debt settlement for your debt trouble? What is the total debt amount?


lrhall41

Submitted by Sanders Patricia on Fri, 08/24/2018 - 04:39

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