What You Need to Know About Getting a Job After Bankruptcy
Posted by : Premraj | Posted on : Wednesday, July 26, 2017
DELICIOUS
SU
REDDITIf you’re seriously considering filing for chapter 7 bankruptcy, then one of the issues that might be keeping you awake at night is how this major financial decision will impact your career prospects. What’s more, if you’re ventured into some corners of the web where (usually) well-meaning but categorically uninformed people discuss this issue, you might be on your way to a full-blown panic attack, and asking yourself if you’ll ever gain meaningful employment again.
The first thing you need to know is that hundreds of thousands of people file for chapter 7 bankruptcy each year (and when you include other chapters, the number of annual individual and business filers climbs closer to a million). And so, while it’s obviously a very serious step, filing for bankruptcy is certainly not a rarity. Remember, too, that while the term “bankruptcy” is loaded with emotional and psychological weight, it technically refers to a legal administrative process.
The second thing you need to know is that getting a job after bankruptcy is not going to be an uphill ordeal or an endless nightmare. As advised by Charles Huber, an experienced bankruptcy attorney and principal of The Law Office of Charles H. Huber (learn more at http://charleshuberlaw.com), there area few reasons for this:
– Employers who run credit checks are much more concerned about prospective employees who are carrying massive amounts of debt, since it may compel them to take a second (or third, or fourth…) job, or in some extreme cases, it may make them vulnerable to corruption. Filing for bankruptcy means that you’re debt free.
– If you’re currently employed, then your employer cannot fire you as a result of your bankruptcy filing. What’s more, your employer can’t constructively dismiss you, withhold a promotion that would otherwise have been granted, or demote you to a lower position even if your salary and benefits remain the same. You have plenty of rights here.
– No public sector agency at any level can reject a job application because of a bankruptcy filing. A private sector employer has the legal right to reject your job application because of the bankruptcy filing, but only if they can demonstrate that this fact is directly related to the job itself.
– The older your bankruptcy filing, the less likely it is to have a material impact on your job prospects. Employers are human beings (well, most of them are!) and realize that virtually anyone can get into a financial hole.
Hopefully, the above facts will help you dial down the panic meter, and help you calmly, rationally and objectively determine whether filing for bankruptcy is in your best interest. If so, make sure that you get the expert advice you need from a qualified and experienced bankruptcy attorney.
