Bankruptcy And Immigration - Does Filing For Bankruptcy Influence Immigration Status?

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Debt issues are quite common nowadays. If you are slogging through a swamp of debts, Debt Settlement Company can help you out in this regard and can ease or eradicate your debt loads. You can file for bankruptcy as well but if you are a non-citizen of U.S and worrying how bankruptcy can affect your immigration issue, read the rest of the article, and find out whether filing for bankruptcy can jeopardize your immigration status or not.

There is no such specific law which states clearly anything about bankruptcy and immigration or any regulation which disqualifies anyone from the privileges of immigration in the US. However, bankruptcy might not have any direct influence on immigration status, it has some indirect ones for sure. The Bankruptcy Code pronounces clearly that "...only a person that resides or has a domicile, a place of business, or property in the United States, or a municipality, may be a debtor under this title" [11 U.S.C. Section 109(a)]. The term "person" incorporates individual, partnership, and corporation... [11 U.S.C. Section 101(a)(41)].The bottom line is there is no requirement of citizenship in the bankruptcy code.

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Published In: Bankruptcy Updates, Immigration Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Robert Kraft, Kraft & Associates | Attorney Advertising

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