Has anyone lost their current or were prevented from a new job in the banking industry after filing BK?
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It's believe it's illegal for your current employer to fire you just because you filed. I work at a bank and know for a fact that several other employees have filed and they have been there for many years.Filed Chapter 13 with lien strip on 2-28-11 * 341 held on 3-30-11 * First confirmation hearing held 4-20-11, continued until 5-25-11, continued until 6-29-11, continued until 8-10-11. Plan finally confirmed on 8-10-11!!!
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Our policy is to disclose filing BK. Is this something they've also done?Originally posted by lolly78 View PostComment
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No, my bank doesn't ask about BK, (I checked everywhere before I filed!) only new brokerage accounts/transactions. If you were involved in any outside business activities etc. I suppose if they ask you've got to tell the truth. My bank is fairly large so I suppose that would be too much extra administrative work to track who has filed BK.Filed Chapter 13 with lien strip on 2-28-11 * 341 held on 3-30-11 * First confirmation hearing held 4-20-11, continued until 5-25-11, continued until 6-29-11, continued until 8-10-11. Plan finally confirmed on 8-10-11!!!Comment
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so you think it is more important from a new job application perspective, but not current?Originally posted by lolly78 View PostComment
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Yes, I think so. Potential employers could pull a background check and will see it then. But from reading here, many people have found jobs while still in bankruptcy. Me personally, I will try to stay here for the duration of my BK, as they are paying my tuition and I make decent money compared to my last job.Filed Chapter 13 with lien strip on 2-28-11 * 341 held on 3-30-11 * First confirmation hearing held 4-20-11, continued until 5-25-11, continued until 6-29-11, continued until 8-10-11. Plan finally confirmed on 8-10-11!!!Comment
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My best friend's wife is a branch manager at a very large bank, and when they fell on tough times in 2009, they filed BK. I remember he told me the scariest part of the entire situation was the fact they were scared she would lose her job for filing. Their HR had to know to do the auto deductions, but other than that it wasnt an issue. Certain industries it is "taboo" im sure to disclose that info, but with a 13, at least you are showing you are trying to make good by reorganizing your debt.Ch 7 filed 8/15/11 341 9/22/11 Discharge 11/28/11
The rebuilding begins
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Bankruptcy Code Section 525(b):
No private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or has been a debtor under this title, a debtor or bankrupt under the Bankruptcy Act, or an individual associated with such debtor or bankrupt, solely because such debtor or bankrupt—
(1) is or has been a debtor under this title or a debtor or bankrupt under the Bankruptcy Act;
(2) has been insolvent before the commencement of a case under this title or during the case but before the grant or denial of a discharge; or
(3) has not paid a debt that is dischargeable in a case under this title or that was discharged under the Bankruptcy Act.
If they want to fire you, they may find another reason. But, they better find a pretty good one if they want to avoid a wrongful termination suit.LadyInTheRed is in the black!
Filed Chap 13 April 2010. Discharged May 2015.
$143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!Comment
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