QUESTION

Will bankruptcy affect my potential for career advancement?

Asked on Feb 11th, 2015 on Bankruptcy - California
More details to this question:
I'm a mid-level educational administrator for the school district.
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5 ANSWERS

Commercial & Bankruptcy Law Attorney serving Powell, OH at Ronald K. Nims
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It's illegal for an employer to discriminate because you've filed bankruptcy. So, sophisticated employers avoid accessing anything which would contain that information (don't ask on applications, don't look at credit reports, etc.) to protect themselves from lawsuits.
Answered on Feb 13th, 2015 at 5:01 PM

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For some occupations, maybe. Those occupations where you have access to customer's money (indirectly). And some occupations which require a high level security clearance. Usually not.
Answered on Feb 12th, 2015 at 4:46 PM

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Appellate Attorney serving Grosse Pointe Farms, MI at Musilli Brennan Associates, PLLC
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There are no guarantees. Certainly there is potential effect and there extent cannot be predicted. I would need more information to even hazard a guess.
Answered on Feb 12th, 2015 at 4:21 AM

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It's not supposed to. There is a law (11 USC sec. 525) which prohibits discrimination against people in matters of employment just because they filed a bankruptcy. I think such discrimination is very rare. But if a boss wants to be rid of someone, they can usually find a reason. Good Luck.
Answered on Feb 12th, 2015 at 4:18 AM

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Complex Litigation Attorney serving Costa Mesa, CA at Thomas Vogele & Associates, APC
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There is no rule regarding this but from a practical standpoint, employers generally consider financial issues when hiring. Thus, employers routinely pull credit reports on prospective hires and it is quite common for people not to be hired because of bad credit, and a bankruptcy filing is as bad as you can get. Think long and hard before you decide to file a petition and make sure you speak with a bankruptcy attorney before you take any action that will affect your credit profile for up to ten years. Good luck!
Answered on Feb 11th, 2015 at 6:47 PM

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