Can I file for personal bankruptcy after getting my green card?

Yes. After obtaining your green card through EB-5, you are a permanent resident and have access to legal protections in cases of financial hardship, including the option to file for personal bankruptcy. That petition is governed by bankruptcy law and, by itself, does not cause you to lose your green card.

In other words, filing for bankruptcy does not automatically result in the loss of your permanent resident status. Even so, it is important to handle everything in compliance with the applicable financial and immigration rules.

Keep in mind that bankruptcy is a legitimate legal tool, but it can carry long-term consequences, such as:

• Impact on your credit score.
• Greater difficulty obtaining financing in the future.
• Effects on investment plans, business expansion, or the purchase of assets such as real estate.

For that reason, before making a decision, carefully assess your situation and seek guidance from qualified professionals in financial law and, if needed, in immigration, to analyze your case and protect your status.

About the author

Victoria Harper

Editor-in-Chief

Meet the author

As a journalist and lead editor at Visto n’ Visa, Victoria helps ensure that immigration topics are covered in a clear, trustworthy, and easy-to-understand way. Her focus is on delivering useful, human, and relevant content for people exploring new paths abroad.