Legal Question in Bankruptcy in California

Re: Financial Crisis Question

You should consult with a bankruptcy attorney, however, I am fairly confident that a bankruptcy found during the credit check for police academy might bar your entry into the academy. You should discuss this with one of their recruiters to see what's better - a bankruptcy clearing all your outstanding debt, or a few delinquent accounts. None of the attorneys on these forums can probably answer that question for you, as it is a matter of discretion on the part of the police academy. Just looking at the information you provided, I'm not sure I would put you into bankruptcy at this time - you don't have a lot of debt, and there may be alternatives to bankruptcy such as an informal workout. Be very cautious of the companies you hear advertised on the Radio and Television that promise to "reduce your debt." Most of those companies charge an inordinate amount of money to simply advise you to default on your debts, wait until the debts are charged off, then you can negotiate for some lower percentage of what you owe. Consult with a local bankruptcy attorney and the recruiter before you do anything.

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