Unemployment Overpayment & Bankruptcy

Unemployment overpayment and bankruptcy have become a hot topic during the global pandemic. Individuals who are out of work due to the economic downturn and receive unemployment benefits may be vulnerable to overpayment, which can result in significant financial repercussions.

When an individual receives more unemployment benefits than they are entitled to, they will eventually be asked to pay back any amount that was overpaid. If an individual is unable to repay these funds, it could lead them into bankruptcy as their debt accumulates. In addition, if an individual files for bankruptcy due to unpaid debts owed from unemployment overpayment, it could stay on their credit report for up to 10 years.

Individuals should take extra caution with regards to collecting or receiving unemployment payments in order to avoid any potential issues with repaying excess funds or being forced into bankruptcy due to unpaid debt caused by overpayment.

The Law Offices of Omar Zambrano has already 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