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I Am an Attorney. If I File for Bankruptcy Will I Lose My Law License? – Keith

I am an attorney in NJ . I have huge debts including student loans, judgments and unpaid rent. I own no real property and except for my practice and a vehicle I have little property of value

If I file for bankruptcy under Chapter 7, will my law license be jeopardized? Also, will I be able to avoid the student loans and remain in the rented office?

Keith




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Sincerly,
Steve

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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

2 Comments

  • I assume that NJ has an “ethics hotline”. Usually it is anonymous, if you want it to be. Check with them on the impact of filing BK.

    Student loans are almost impossible to discharge in bankruptcy. As to unpaid rent, you would need to work something out with the landlord if you want to stay. But most likely the back due amount will be discharged if you do not stay.

  • I assume that NJ has an “ethics hotline”. Usually it is anonymous, if you want it to be. Check with them on the impact of filing BK.

    Student loans are almost impossible to discharge in bankruptcy. As to unpaid rent, you would need to work something out with the landlord if you want to stay. But most likely the back due amount will be discharged if you do not stay.

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