While bankruptcy has provided debt relief for millions of Americans, some potential filers may still have concerns about life after bankruptcy. Common concerns include rebuilding credit and finding jobs after bankruptcy.
Your ability to secure a job after bankruptcy depends on a number of factors, but the renewed financial health you may have after bankruptcy may actually work in your favor, especially if you were previously buried under a load of debt.
To learn more about bankruptcy's potentially beneficial effect on your employment opportunities, fill out the form below for a free consultation with a local bankruptcy attorney.
Personal bankruptcy may help you lift yourself out of debt in a short period of time. One downside, however, is that your bankruptcy will stay on your credit report for a few years after you file.
As a result, some people are concerned that potential employers will use the presence of a past bankruptcy on their credit report to deny employment. This fear, however, is often unjustified. Consider these facts:
On the other hand, some private employers do require credit checks on potential employees, and may discriminate on the basis of a past bankruptcy filing.
This tactic, though, may become less common, especially in shaky economic times. As more and more Americans file for bankruptcy, and solve their debt crises, future employers may find it more difficult to discriminate against filers.
In addition, bankruptcy may offer the only form of relief for people in dire financial circumstances, allowing them to eventually rebuild their credit, and making them more attractive to future employers.
After filing bankruptcy, there are some important steps you need to take in order to ensure that you maintain your new-found financial health. These steps are particularly important if you want to improve your chances of finding high-paying jobs after bankruptcy.
So, with that in mind, follow these simple steps to improve your finances:
If you follow these steps, you will greatly improve your chances of securing satisfying jobs after bankruptcy.
To learn more about the benefits of bankruptcy, and life after you file, connect with a local bankruptcy lawyer today. Just fill out the quick case review form below to get started.