Finding a Job After Bankruptcy-Things You Need to Know

For those bearing the brunt of financial crises and saddled with debt, bankruptcy is a solution of last resort. While no one wants to file for bankruptcy, an increasing number of individuals and families have found themselves with no other means of absolving their debts. According to the experienced Schaumburg Bankruptcy attorneys at the law offices of Chang and Carlin, although bankruptcy is certainly not an asset to a job-seeker, it's not the nail in the coffin, either. Potential employers can take your new credit rating into consideration, but finding a job after bankruptcy is possible.

Here’s what you need to know about the effect of bankruptcy on your employment:

·         An employer may pull your credit report as part of the job application process. However, they do not typically pull your complete report, only your credit score, as the full report costs more money than they are often willing to pay.

·       

Chicago Bankruptcy Attorneys

  The most common question that our Chicago bankruptcy attorneys are asked is, “Will my credit score reveal a bankruptcy filing?” The answer to this question is no. Your credit score is just a number, and will not reveal a bankruptcy filing.

·        However, no matter what your credit score, you should never lie to a potential employer about your credit history. The best approach is to be upfront and inform the interviewer that you had a past bankruptcy but that your finances are now back on track, or at least you are working to get your finances in order.

·         If you are applying for a federal job, the past bankruptcy should not prevent you from being hired. There are bankruptcy discrimination laws that prevent this practice by federal employers. However, there is no such law in the private sector. A private employer is not prohibited from discriminating on the basis of past bankruptcies.

·         If you are presently employed somewhere, you will not lose your job because of bankruptcy but if you have a job that requires you to maintain a certain credit score as a condition of continued employment, then you may lose your job.

If you are currently looking for a job or in a job which may be affected by your bankruptcy filing, you can probably work out a solution. Talk to an experienced Chicago bankruptcy lawyer about the steps that will best safeguard your professional future.

For more information on Bankruptcy law or to schedule a FREE initial bankruptcy consultation with an experienced Chapter 13 bankruptcy lawyer Chicago, call Chang and Carlin, LLP today!

Disclaimer: The content provided by Chang and Carlin, LLP is not legal advice and is purely for informational purposes. The information contained herein is not a substitute for the advice of an attorney and does not create an attorney-client relationship. If you are interested in obtaining information about Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Foreclosure services, or Real Estate legal services, call our law firm at 1-866-790-8601 for a Free Legal Evaluation. Chang and Carlin, LLP serves clients in Chicago, Schaumburg, Joliet, and Warrenville.