Many U.S. citizens and immigrant residents are facing financial struggles, at least in part due to the current state of the economy. They may have accumulated such significant debt or encountered such a decrease in income to make it feel impossible for them to overcome. In these circumstances, non-citizens and citizens alike are eligible to file for bankruptcy.
How Bankruptcy Affects Immigration
There is one key qualification for non-citizens looking to file for bankruptcy. They must own a home or business within the United States. If this qualification is not met, it is likely to affect whether or not a non-citizen is eligible for bankruptcy. The following are more important things to know about the legal aspects of immigration status and filing for bankruptcy:
- Illegal filing may result in deportation
- Immigrants must prove they are not drawing their families deeper in debt
- Bankruptcy filing can affect the immigrant from successfully filing for citizenship, as it may indicate that they do not have sufficient financial support
Applying for bankruptcy is a complicated process, and this can be aggravated by anxiety over one’s immigration status. For help and peace of mind, discuss your case with a Milwaukee bankruptcy attorney today.
If you or your loved one is an immigrant applying for bankruptcy, you need to understand the benefits and disadvantages of the process. Contact a Milwaukee bankruptcy lawyer of the DeLadurantey Law Office, LLC, at 414-377-0518 to learn more in a free consultation.