Q: which one is a better option for applying for new job? Declaring bankruptcy or getting debts settled?
I have a total 40K debt. I have 10K car loan left which I have never missed a payment. But I am no longer able to pay my credit cards after losing my job which is 30K and they are all charged off. I am about to finish a course and try to land on software engineering job. But I do have concerns. The jobs I would be applying usually require a public trust security clearance. Declaring bankruptcy or getting my debts settled through a debt relief program? which one is a better solution to obtain a public trust security clearance and get less affected by my bad credit history
A: Consult a bankruptcy petitioner near you to discuss your options. Depending on the amount of equity you have in the property, you may need a Chapter 7 or 13.
Mr Dennison points out something important. What's best for you if you own real estate can be very tricky. You really need to talk to a lawyer right away in that case.
You can read some things I've written about Freedom Debt Relief, here. https://robertweed.com/2014/05/20/freedom-debt-relief-false-claims-radio/. And here. https://robertweed.com/2018/07/14/another-family-wastes-thousands-with-freedom-debt-relief/.
Talking about National Debt Relief, my best article is probably this one. https://www.woodbridgebankruptcylawyer.com/single-post/2017/11/12/Woodbridge-Couples-Credit-Destroyed-by-National-Debt-Relief
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