With the slow economy, many people are considering filing bankruptcy in order to save the little they have. At the same time, they are concerned that this might affect their ability to achieve one of the American dreams of becoming a naturalized United States citizen.
Let you fears subside, filing bankruptcy will not affect your ability to become a United States citizen. In order to qualify for naturalization you must have five years of good moral character. As far as finances are concerned, the only thing that is looked at for naturalization is if you file your income tax returns. As long as you file your federal and state income tax returns every year, the filing of bankruptcy will not have any negative impact on your application for naturalization.