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Bankruptcy and Unemployment

If you are currently unemployed or have been unemployed for a long period of time and have recently found employment, bankruptcy may still be a good solution for you. During a period of unemployment, some people will use their savings or retirement funds to pay bills and try to keep up with expenses. If your employment situation is unstable or unpredictable, you may be putting yourself in a dangerous situation where you have depleted all of your resources, and have nothing left to help you pay for a bankruptcy that is actually an investment to help your future. Don’t wait until your resources are depleted to utilize bankruptcy protection.

If you have been unemployed for a period of time and are now employed and making income to meet your need, do not rule out bankruptcy just yet. You may still be able to qualify for bankruptcy even though you are recently employed. When you get a new job and your income has stabilized, you may not want to use most of that income to repay your debts especially if the debts and added fees, charges and interest are still overwhelming for your income level. You may want to consider starting with a clean slate and saving your money for you and your family’s future. Keep in mind that there are many ways to qualify for bankruptcy. So, if your past income history is low and you have recently secured a good job, your income history may allow you to qualify for bankruptcy protection.

Call us to set an appointment at our La Mirada, Tustin or Riverside office. Whether you are in Los Angeles, Orange County or Inland Empire, we have a location to serve you. Contact us at 855 257-7671.

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