| BANKRUPTCY AND YOUR CAREER 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. This is the law. But what about reality? I ask our clients to come back in the years after a bankruptcy and tell me anything very good or very bad that happens so that I can pass this information on to the next generation of clients. I have had three clients in ten years who thought the filing of the bankruptcy affected their employment. The first was a person who thought that he was being denied a promotion within a private security company due to bankruptcy. He later received the promotion without any steps taken by this office. The second was a bank teller who was denied a new job in Washington state. I have never had a bank teller denied employment in the state of Alaska. And, finally, a client who was a bank officer at a local bank could not do credit lending during her 3 year bankruptcy. She did not lose her job and is now doing fine. For the record, I have put countless bank persons in bankruptcy, from tellers to mortgage lenders to bank officers. People in all fields of life suffer financial disasters. 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. |
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| LAW OFFICES OF JENNIFER L. HOLLAND |