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The following is not financial, bankruptcy, legal or tax or any other type of advice or counseling. Please contact a professional in the appropriate field to review your SPECIFIC situation. Generally bankruptcy can't be a condition upon which an employer can hire or fire employees. But will they? Provisions of the Bankruptcy Act must be followed if the employer finds that the applicant has declared bankruptcy. This Act states that it is unlawful to terminate an employee or to discriminate in the hiring of an employee solely because the individual:
The purpose of this section of the bankruptcy Act is to ensure that the applicant's bankruptcy does not prohibit them from finding employment in the future. How Can My Employer Use a Bankruptcy Against Me? Although it may be true they can't legally use your bankruptcy as a reason not to hire you, but they can certainly find someone BETTER who has not filed bankruptcy - and there is no law to prevent them from doing that. Bankruptcy carries with it a certain negative meaning to employers and there is no guaranteed protection and discrimination against you where this is concerned can be much more covert. Employers and HR personnel know bankruptcy can have a dramatic affect on your credit, emotions, court records, concentration and self-esteem that is sometimes viewed as excessive baggage to employers who desire employees with fewer personal problems. They might not be able to openly use bankruptcy as a reason not to hire or to fire you, but they can certainly act against you using other reasons as an excuse. Will My Employer Know if I File Bankruptcy? Yes. Any employer can and most likely will review your credit report upon your hire and at times during your employment during reviews. Your bankruptcy is a matter of public record and can be viewed by anyone. How long is a bankruptcy on my credit report? The most widely accepted answer is 10 years. However, remember these rules are determined by the credit bureaus. Also note, the bankruptcy never really goes away. All credit applications, applications for loans, for employment, for renting a home, even for starting a cell phone plan ask. "Have you EVER filed for bankruptcy" It is a federal offense to answer this falsely. So in this context a bankruptcy can stay with you for life. How can I avoid Filing For Bankruptcy? If you would rather avoid the stigma, cost and stress of a bankruptcy and still eliminate your debts you have a legal and effective option.
By making a request on our site you will get a free FULL consultation from a professional debt relief provider who will answer all your questions, provide details on their program, determine if your situation is right for debt negotiation and most importantly estimate how much your debt can be reduced by. You will get any and all costs associated with their service free and UP FRONT before you make any decision. It only takes a few minutes to generate your quote, but you may spend as much time as you wish getting your questions answered. If at the end of this consultation you are comfortable with the service and debt reduction amount you can start right away. If you feel this is not the right solution for you, you have absolutely no obligation or cost. Simply thank your counselor and say goodbye. It's that simple to find out if you can avoid bankruptcy and reduce your debts.
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