If you are considering filing for bankruptcy or have already filed, one of the most invaluable tools for getting back on your feet is employment. However, it is possible that some Eugene employers may be less than impressed with your attempts to recover from a bad financial situation. For many people, unfortunately, bankruptcy still carries a negative stigma. Employers may also be concerned that an employee who has experienced a bankruptcy might not be good for the company.
June 2016 Archives
Making the decision to file for Chapter 7 bankruptcy protection can be a difficult one for many people in Oregon. They may not have a full understanding of the bankruptcy process or laws, and there are often many rumors that abound over how bankruptcy can affect them. However, it is important for people to understand what is fact and what is fiction.
In 2014, a survey conducted by the Commonwealth Fund found that approximately 64 million people across the U.S. were grappling with medical debt, according to a USA Today report. Like others in Oregon, you may think mounting health care bills are a problem that are only experienced by those without health insurance. However, that is not necessarily the case. In fact, there are a number of factors that may contribute to the buildup of medical debt, whether you are insured or not.
When struggling with debt in Oregon, many people shy away from seeking bankruptcy protection in fear that it will cost them their property, including their homes. However, filing for Chapter 13 itself does not put your home in jeopardy. In fact, it might help you to protect and keep your home through your bankruptcy case.