/ Asked by Luisa
I have just been completely and successfully discharged from Ch 13 Bankruptcy and have fully satisfied all that was required under the plan. My filing bankruptcy was such a painful experience for me and my family but it was all I could do to maintain a home for my children after going through two dramatic and long unemployment periods after the 2009 Financial Crisis. I have relocated and am searching for a job in Financial Services. How can I address my bankruptcy? And how will it reflect or prevent me from ever being able to find work in the profession that I love?
Answered by Sara, Hiring Expert at Grace, on Friday, August 11, 2017
That sounds horrible. I would be honest about the fact that the 2009 financial crisis impacted you greatly. Address your bankruptcy head on and let potential employers know that you are excited about how you are bouncing back from the situation. It sounds like to me that this situation may have even sparked more of an interest in your financial profession. If that is the case maybe speak to your rejuvenated interest. Honestly, it might impact you for some positions, therefore, keep your options open when looking for your next role.
Answered by Mike, Hiring Expert at Avery Dennison Corporation, on Thursday, May 16, 2019

Thanks for your question.  I'm glad to hear that you are in a much better spot and ready to focus on your career search.  

How your prior bankruptcy could impact your job search really depends on a number of factors.  There are a number of regulations in place (both state and federal) that prohibit an employer from discriminating (i.e., not hiring) an individual on the basis of their prior credit history.  With that said, employers can still do it if they can prove that an employee's credit history is job-related.  Meaning, individuals that do not meet their background criteria could pose a risk to the business/company.  

To put that into action, your best bet is to search for jobs that align with your experience and interest.  Should you get to a spot that where you begin actively interviewing or talking with the company about the opportunity, it's not unreasonable to ask what their pre-employment/background check process consists of, and whether or not that includes a credit check.  If it does, I would recommend bringing it up earlier, rather than it being a surprise for the company at the end of the process.  If you address it early, a lot of times you could get an idea of whether or not it would be an issue.  And, sometimes, companies are willing to be a bit more flexible/lenient if you are up front from the get go.  If explaining the situation to a potential employer, it's best to point out that it was 1.) in the past and 2.) you are in a much better spot currently.  

Best of luck in your job search!
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