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#1
05-01-2008, 10:26 AM
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Bankruptcy and Fostering...
I was wondering if you can still foster/adopt if you have filed for bankruptcy. Does anyone know? Edited to say: We haven't filed for bankruptcy, but with DH's business failing last winter, if we become responsible for more debt from the failed company, we may have to file. DH now has a stable, well paying job. If we do have to file, would we lose our license even though we would still be able to provide very well for our family and anyone we are fostering?
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dd born 12/01 dd/ds twins born 5/04 Started Domestic Adoption Process 6/10/07 Matched to Day Old Baby Boy 10/24/07 Match Failed 10/25/07 Decided to Switch to Foster/Adopt 3/1/08 Initial Consultation 4/9/08 Live Scan 4/23/08 Homestudy Visit 5/13/08 Background Checks Approved 6/30/08 Home Study Approved 7/23/08 Licensed!! 8/11/08  Visit us at our blog! http://cbpugh.blogspot.com Last edited by crystalp : 05-01-2008 at 10:40 AM. 
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#2
05-01-2008, 11:32 AM
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Hmmmm, don't know, but I would think that if you were to file for bankruptcy that would freeze all your accounts, including your foster care stipend. I know when my mother filed for bankruptcy numerous years ago they froze all of her accounts and we had to pay some of her bills since she wasn't able to access anything in her account.
I think as long as you could provide for your family you should be fine but I would check with your licensing worker. Be upfront and honest.
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4 boys   Bio Mom and Dad to: Mr. Don Juan - The Ladies Man Foster Mom and Dad to: Mr. Touchy - placed August 07 - Concurrent Case Plan forever and a day  Mr. Baby Don King - placed 8/08 - R/U but not for a while Mr. Michael Jordan - 10/08 - Concurrent, maybe changing to TPR next month Former Foster Mom and Dad to: Mr. Investigator - 8/07-5/08 - Moved to therapeutic (Miss him greatly)  Mr. Home Run Hitter - 5/08 - Moved to relative  Ms. Puff-Balls - 5/08 - Moved to relative Ms. Pumkin - 6/08 - Back to Dad Mr. El Gato - placed 6/08-7/08 - To a not so good choice non-relative  Ms. Beautiful Angel - 8/08 - Home, Came back into care 10/08, Went to another foster home. Mr. Baby Stewie - 07/08 - 8/08 - Went back Home
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#3
05-01-2008, 11:39 AM
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I think that once you are a foster parent everything is looked at on a case by case basis. I know when we had something happen in our life, had we not already been foster parents we wouldn't have been licensed, but since we were we had the opportunity to explain... and our agency supported us entirely.
I'd talk to your licensing worker, provided you have a good relationship with that person. If you don't, I'd hold off until you know for sure you have to file.
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With the same amazing man for 13yrs Mom to a wild and crazy bunch:   AD - A1 - 7 yrs (adopted Oct 2005) AD - A2 - 4yrs (adopted Dec 2006) BS - T - newborn (born 7-29-08) FD - A3 - 2yrs old (placed Nov 2006) FS - C - 16yrs (placed July 2007)Total of 102 foster children and 3 foreign exchange students at last count. 
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#4
05-02-2008, 01:15 PM
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To get licensed here they never asked for a credit report or if we filed bankruptcy or anything like that. They just asked for our total income and then our liabilities minused from that to show how much we have left over each month. I really don't believe a bankruptcy would be an issue...but if you can't pay your bills each month then there would be an issue.
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Helen -------------- Visit my Myspace Page: http://www.myspace.com/hkolln Mom to 2 girls-age 9 and 14  1st MAPP class: 9/9/2006 MAPP class completed: 9/30/2006 Home study completed: 11/2006 Home study submitted for approval: 11/14/2006 Foster License approved! 11/22/2006  Flew to visit Niece for 3 wks 3/2007  Judge rules placement with us 5/2007 Leaving to bring Niece home 6/15/2007 Niece is offically part of our family 6/30/2007 TPR Bio Dad by default 8/9/2007 TPR Bio Mom voluntary surrender 8/9/2007 Adoption subsidy agreement approved and signed 05/2008 Adoption finalization date 7/18/2008! YEAH 
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#5
05-02-2008, 01:59 PM
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Deleted...for personal reasons...
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Me, single & (40) DFS (1) Licensed foster parent as of 8/2007 2 fostered (1 current) Infertility (2 IVF's, 2 m/c's) Hoping to adopt Last edited by lolamom : 05-02-2008 at 02:31 PM.
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#6
05-02-2008, 02:13 PM
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I broke down and called our office of licensing (annonymously
 ) and they said that a bankruptcy didn't matter as long as our income was above the poverty level. So, we are all good! Hopefully we won't have to file, but if we do, that's at least one less thing to worry about. Thanks everyone!
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dd born 12/01 dd/ds twins born 5/04 Started Domestic Adoption Process 6/10/07 Matched to Day Old Baby Boy 10/24/07 Match Failed 10/25/07 Decided to Switch to Foster/Adopt 3/1/08 Initial Consultation 4/9/08 Live Scan 4/23/08 Homestudy Visit 5/13/08 Background Checks Approved 6/30/08 Home Study Approved 7/23/08 Licensed!! 8/11/08 Visit us at our blog! http://cbpugh.blogspot.com
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