Bankruptcy, Employment, And Your Rights

If you are struggling with overwhelming debt in the Chicago area, and if you have no idea how you’re ever going to pay it all off, discuss your circumstances and options as quickly as possible with an experienced Chicago bankruptcy lawyer. Bankruptcy is not always the best solution for everyone who’s in debt – that will depend on your unique personal situation – but if bankruptcy is the best choice for you, you shouldn’t have any fears about losing your job. Most employers in the Chicago area know that the law bars them from discriminating against you in any way when you file for bankruptcy. In fact, some employers may actually appreciate that you’ve taken responsible action to deal with your financial circumstances.

On the other hand, if you are seeking employment after filing bankruptcy, prospective employers are a different matter. Frankly, a bankruptcy may hurt your chances to be hired in the financial industry or to obtain a government or private sector job that requires a security clearance. Even so, one bankruptcy is rarely enough to keep an employer from hiring you. No one is perfect, and prospective employers may actually appreciate your honest disclosure of the facts. Of course, subsequent to filing bankruptcy, you must adhere to the terms of the bankruptcy, pay all of your bills on time, and begin re-establishing your credit.

Always be honest with your employer and with prospective employers. If asked, explain precisely why you chose bankruptcy and how you are now meeting your obligations. If your current employer retaliates in any way – by wrongfully terminating you or denying you benefits – or if you have other concerns regarding the consequences of bankruptcy, don’t wait. If you need to file bankruptcy or if you simply need to learn more about your options, consult at once with an experienced Chicago bankruptcy lawyer.