QUESTION
Can I proceed to change jobs or do I have to wait if I file for chapter 7 because of a drastic decrease in pay and the inability to pay my debts?
Asked on Dec 15th, 2016 on Bankruptcy - New Jersey
More details to this question:
Once I am done with the 341 hearings and a discharge has been granted.
4 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Your Chapter 7 filing won't be affected by changing job.
Answered on Feb 11th, 2017 at 6:03 AM
If you change jobs after filing a Chapter 7 bankruptcy, no one is likely to care. Bankruptcy law measures you eligibility based on your earnings at the time you filed.
Answered on Feb 11th, 2017 at 6:03 AM
You are required to report any expected changes in income or expenses over the coming year in your schedules. So if you know you are changing jobs and the impact that will have on your income, you must report it.
Answered on Feb 11th, 2017 at 6:02 AM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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You can change jobs.
Answered on Feb 10th, 2017 at 9:04 AM