How Will Filing Bankruptcy Affect My Children?
No one wants to have to file for bankruptcy, but sometimes it is the only way to get out from under a mountain of debt. If you are considering filing for bankruptcy, you may be wondering how it will affect your children.
There are a few ways that filing for bankruptcy can affect your children. First, if you have joint accounts with your children, those accounts will likely be frozen when you file for bankruptcy. This means that your children will not be able to access the money in those accounts.
Second, your children may see their standard of living change if you have to give up some of your assets in order to repay your debts. This could mean selling the family home or giving up the family car.
Finally, your children may suffer emotionally if they see you going through the bankruptcy process.
The main Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706