I know someone that is considering personal bankruptcy as they have been out of work for quite some time (about 2 years) and outside of the occasional contract/temp work, no other jobs. She is trying hard and interviewing with a lot of companies and headhunters, but I think she is giving up and just gonna try and work for herself.
Between her MBA student loans (they refuse to reduce the payments), car note (no bus line within 2 miles of apartment) and credit cards, she is just sinking fast. Before she makes a long-term error, I want to give her some solid advice...
Can they still get a real estate license (taking the class right now) if they file for bankruptcy or do they have to wait for the bankruptcy to be discharged? or she is not ever eligible to get a license due to filing for bankruptcy?
2007-02-23 03:40:04 · 9 answers · asked by SigmaMason 2 in Business & Finance ➔ Personal Finance
Bankruptcy shouldn't go against her in getting a license. However, you need to point out to her that even if she files for bankruptcy and her debt is discharged, she'll still owe the student loans. You cannot get rid of a student loan in bankruptcy.
If she is out of work, she should be able to get a deferment on the loans. They will still accrue interest but at least she wouldn't have that payment until she gets a job. She should also consider consolidating all the student loans into one loan. Go to the Department of Education Website, link below, for info on loan consolidation. She needs to get them deferred until she finds permanent work first and consolidate them into one payment. They are likely to give her a lower interest rate too.
2007-02-23 04:21:58 · answer #1 · answered by Faye H 6 · 0⤊ 0⤋
No filing bankruptcy shouldn't stop u from getting your real estate license because u have to start some where to get your life back on the right track.
2007-03-02 16:36:16 · answer #2 · answered by JAY 1 · 0⤊ 0⤋
I am an ex _agent and the main thing that would stop her would be a felony,I have never heard of bankruptcy ever going against getting your license.
2007-02-23 03:55:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Filing bankruptcy it could save your business. Its the right things to do if your struggling with debts.
2016-05-24 02:24:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
That depends on the state. Some states place limitations on licensures depending on bankruptcy. I question whether this is proper under federal law, but you may not have the funds to litigate this point.
2007-02-28 22:02:02 · answer #5 · answered by DLeibowitz 5 · 0⤊ 0⤋
real estate licensing school in kalamazoo mi
2015-07-29 12:52:20 · answer #6 · answered by Angela 1 · 0⤊ 0⤋
If a person files bankruptcy, can they get a real estate license?
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2015-01-08 06:04:08 · answer #7 · answered by ? 1 · 0⤊ 0⤋
she probably still could
its a serious decision
she should read some books and speak with smart people who really know about it, through helping people and/or personal experience.
then she has to decide what to do
2007-02-23 03:45:49 · answer #8 · answered by sheisperfect2007 1 · 0⤊ 0⤋
Try https://tr.im/1b0O4
2016-07-21 05:15:13 · answer #9 · answered by Anonymous · 0⤊ 0⤋