Bankruptcy as a Federal Employee

Our Maryland Bankruptcy Attorney Explains

Even after the reopening of the government, countless federal employees may still be feeling its financial effects. Between the shutdown and sequester, some individuals found themselves without a source of income for close to two months. Understandably, these circumstances have resulted in many families considering consumer bankruptcy as an effective debt relief method for their financial troubles.

Our Washington DC bankruptcy attorney is experienced in helping people and their families find relief from the burden of overwhelming debt. If you are financially struggling in the wake of the federal government shutdown, contact our office today to explore your options.

Is Bankruptcy Right for Me?

It is natural to have some anxiety about seeking a solution to your debt through bankruptcy. Many federal workers do not consider bankruptcy out of a fear that it will affect their ability to stay employed with the government. However, it should be noted that no employer, whether public or private, may legally discriminate against an employee or applicant on the basis of a past bankruptcy.

The two different forms of consumer bankruptcy offer valuable protections to federal employees who have fallen on hard times.

In a Chapter 7 bankruptcy case, some of your assets and property are liquidated and sold to pay off your creditors. At the conclusion of the case, you will receive a discharge of most of your debts, leaving you free and clear to restart your financial life. Some people use this form of bankruptcy because individuals can generally complete it without their employer finding out.

Many federal employees who must maintain a security clearance for their jobs tend to use Chapter 7 bankruptcy to resolve their financial troubles. Contrary to what many may think, bankruptcy does not make a person ineligible to receive or renew their security clearance.

For families who want to try to keep a home or vehicle during bankruptcy, Chapter 13 is generally the best option. Under the Chapter 13 bankruptcy rules, individuals will complete a repayment plan that structures their debts and financial obligations. After making payments over a period of three to five years, you will gain a discharge of most of your debts as well as a clean financial slate.

As a federal worker, you have served your country diligently. Now it is time to serve yourself, and to use your rights under the law to relieve your financial stress.

Do You Need a Washington DC Bankruptcy Lawyer?

If you are considering bankruptcy, contact our office for a free consultation. Washington DC bankruptcy attorney Kevin D. Judd has the experience and qualifications necessary to make sure that your bankruptcy case is professionally and properly completed. Call our office at (202) 483-6070.



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