Everyone is concerned with the potential effects of a bankruptcy on their careers. The law states that federal and state employers cannot discriminate against individuals based on bankruptcy. This includes employment as well as licenses, permits, and student loans. A private employer also cannot terminate or discriminate in employment based on bankruptcy.
People from all walks of life can face a bankruptcy. That includes people who work in the financial industry,

such as bank employees, mortgage lenders, other financial professionals. You must also consider whether bankruptcy is better for your career than not being able to pay your debts. Obviously, calls to your employer from credit collectors can result in job related problems including termination. Again, be realistic concerning whether you can pay your debts off in a reasonable period of time.