Tap to Call - (877) 250-8242

Can I Be Bonded if I File Bankruptcy?

After relieving debts through bankruptcy, some people question whether they will be able to secure jobs in industries that involve finance, such as banking or selling insurance.

Such jobs often require employees to be bonded, which provides the employer some insurance against employee misconduct. A bankruptcy should not automatically prevent you from being bonded, though your likelihood of success will depend on your unique circumstances.

Use the form below to secure a free, no-hassle consultation with a local lawyer, and don’t hesitate to ask about getting bonded after bankruptcy.

What is the Relationship Between Bonding and Bankruptcy?

Bonding usually refers to a fidelity bond, which insures businesses against fraudulent acts committed by employees. Basically, employee bonds protect companies against theft, fraud, forgery, and other possible crimes committed by employees.

Because bonding is primarily concerned with an employee's trustworthiness, a prior bankruptcy does not have to eliminating the possibility of being bonded, and therefore securing a job.

People file bankruptcy for a number of reasons, most of which are completely unrelated to a person's character. Common events that push people into bankruptcy include:

  • Emergency medical costs
  • Unexpected childcare expenses
  • Divorce
  • Abusive creditors

These events are mostly a result of chance, and do not reflect anything about a person's character. As a result, depending on your circumstances, you may be able to be bonded after filing bankruptcy.

Jobs After Bankruptcy

Whether you are worried about keeping your job, or searching for a new one, here are a few things to remember about bankruptcy's effect on your job:

  • Safe harbor. Your employer cannot fire you simply because you have filed for bankruptcy. Such an action is illegal and can lead to a bankruptcy discrimination lawsuit.
  • Job hunt. While private employers may refuse to hire you due to a recent bankruptcy, government employers cannot refuse employment because of your bankruptcy.
  • Bonding. Being bonded after bankruptcy depends on both the kind of job you're searching for and the employer. You may not be able to serve as Secretary of the U.S. Treasury, but many other jobs that require bonding might be available.

If you have further questions about what to expect after bankruptcy, including jobs and being bonded, connect with a local bankruptcy lawyer today. Use the form on this page to arrange a no-obligation consultation with a lawyer near you.

Go


Tap to Call - (877) 250-8242

PAID ATTORNEY ADVERTISEMENT: THIS WEB SITE IS A GROUP ADVERTISEMENT AND THE PARTICIPATING ATTORNEYS ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. It is not a lawyer referral service or prepaid legal services plan. Total Bankruptcy is not a law firm. Your request for contact will be forwarded to the local lawyer who has paid to advertise in the ZIP code you provide. Total Bankruptcy does not endorse or recommend any lawyer or law firm who participates in the network nor does it analyze a person's legal situation when determining which participating lawyers receive a person's inquiry. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Total Bankruptcy does not create an attorney-client relationship and may not be protected by attorney-client privilege. Do not use the form to submit confidential, time-sensitive, or privileged information. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. An attorney responsible for the content of this Site is Kevin W. Chern, Esq., licensed in Illinois with offices at 25 East Washington, Suite 400, Chicago, Illinois 60602. To see the attorney in your area who is responsible for this advertisement, please click here, or call 866-200-8052.

FLORIDA ONLY: Total Bankruptcy is considered a lawyer referral service in the state of Florida under the Florida Rules of Professional Conduct. By all other standards, Total Bankruptcy is a group advertisement and not a lawyer referral service.

If you live in Mississippi, Missouri, New York or Wyoming, please click here for additional information.

By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.