How Bankruptcy May Affect Your Job Prospects

How Bankruptcy May Affect Your Job ProspectsWhile bankruptcy is invaluable in that it offers you the opportunity to start over financially there are also some consequences that accompany it. One of the most important things you need to consider here is how your job opportunities, both now and in the future, will be affected.

Can I be fired for filing for bankruptcy?

If you live in America you typically won’t be fired if you file for liquidation. Under federal employment discrimination laws, your job will be protected. This means that even though your employer may learn that you’ve filed for liquidation they can’t simply fire you for this reason alone. While your current employment typically won’t be affected in any way, it is important to know that you may feel an impact if you decide to look for a new job either now or in the future.

How can filing affect my future employment?

If you’re looking for a new job, you probably already realize just how stressful this process can be. Not only will you need to refresh your resume and dust off your references to increase your ability to stand out from other people who are applying for the same job but now you must also worry about how you’ll be affected because you’ve filed for bankruptcy.

Unfortunately, a growing number of employers are looking at applicants’ credit histories. This is especially true if you’re applying for a job in which you’ll handle money or be held to really high confidentiality requirements. In fact, the National Association of Background Screeners conducted a report in which they discovered that 31% of employers would run a credit check on some candidates while 16% ran them on all candidates. Typically these background screenings took place after a conditional job offer had been made. This is why it’s so important for you to be prepared when it comes time to discuss this issue with a potential employer.

How can I pursue new employment options once my case is released?

There’s no reason to be ashamed of filing for bankruptcy. Many people have struggled with financial problems. In fact, you may even find that the person who is responsible for interviewing you has had credit problems in the past. This is why you shouldn’t let your confidence be affected by it. However, you should be prepared for this issue to come up when you’re applying for a job. Make sure that you consider how you’ll explain it to a potential employer. While you’re having this conversation make sure you remain calm, rational, and unemotional. This is where it’s important to have a straightforward answer prepared ahead of time. There’s no reason to share any unnecessary details. Instead, be concise in stating the facts and include how you’ve learned from your experience. End the conversation on a positive note by mentioning what credentials you bring to the job.

What Should I do?

If you’re concerned with whether you can maintain your job and yet file for bankruptcy it’s time for you to contact the Weller Legal Group in Clearwater, Tampa, New Port Richey, Lakeland, FL. They can give you advice and help you decide what the best route is for you to take regarding your finances. You can rely on their experience, knowledge, and resources to point you in the right direction. This really is something you should start working on today.

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