Impact Of Bankruptcy On Future Employment

The impact of bankruptcy on future employment is a consideration particularly for professionals and other workers who must be licensed in order to be employed in their fields. For instance, while bankruptcy does not prevent you from being a certified public accountant, bankruptcy may negatively impact your ability to being licensed by the appropriate agency for certified public accountants. Likewise, an attorney may have difficulty with the professional licensing board if he or she declares bankruptcy. Plus, there are some jobs in which laws actually bar the employment of bankruptcy persons, such as positions in casinos. The bottom line is that if you are concerned about the impact of bankruptcy on your future employment, you should contact an attorney for advice before you file for bankruptcy.

Fast Facts

    The average American with a credit file carries $16,635 in debt, excluding mortgage debt.
  • Average credit card debt for young adults in American increased 55% between 1990 and 2001.

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  • Your Credit and Future after Bankruptcy

    When deciding whether filing for bankruptcy is the right thing to do, foremost in the debtor’s mind is usually...
    • Site: lawfirms.com
  • Filing Bankruptcy After a Job Loss

      A job loss is often a major reason for a person’s decision to file bankruptcy, and, in particular, to file f...
    • Site: filingforbankruptcyonline.com
    • 2 of 2 user(s) found this useful
  • Most Common Bankruptcy Questions and Answers

    Anyone considering bankruptcy naturally has many questions ranging from process issues, to questions about pr...
    • Site: bankruptcylawfirms.com
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  • Deciding to File Bankruptcy

    More Americans are turning to bankruptcy as a means of getting out from under an insurmountable amount of deb...
    • Site: bankruptcylawfirms.com
    • 1 of 1 user(s) found this useful
  • The Effects of Bankruptcy for Consumers

    Generally, speaking the effects of bankruptcy will remain on a consumer’s record for at least ten (10) years, ...
    • Site: filingforbankruptcyonline.com

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