i am studying to be an accountant, but i was made bankrupt over 1 year ago. The bankruptcy is all done and dusted, but will this affect my studies and final outcome?
2006-09-21 10:42:32 · 12 answers · asked by angel 2 in Business & Finance ➔ Careers & Employment
I think it may depend upon how you cope with it at interview (do not mention it on your CV, unless asked!)
You need to say that becoming bankrupt made you realise how important it was to balance income with expenditure. You have taken it as a learning curve. Emphasise that it has only taken you a year to pay back your debts enough to get out of bankruptcy. You realise how important having a budget is, and that, because you are working from experience, you will have a much greater empathy with both people and companies that need help - or to make sure they do not get into trouble in the first place!
You learned what it is like to be silly with money, but you have also learned how to be responsible.- and how that has made you a better person. That you do not want to ever go through it again, and you do not want anyone else to, either. Because of this, you feel you have a lot to offer to any client.
As an aside, are you now a discharged bankrupt - that may well make a big difference!
2006-09-21 12:29:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No it won't affect your career. So many young people are finding themselves in difficulty these days it would preclude far too many from employment! Just keep studying and learn from your mistakes. I don't know why people think that accountants should always be financially astute there are many forms of accountancy and many directions you can go in. I dealt for years with Credit Control and Forensic work. Now I'm a company accountant dealing with the day to day running of a small firm. All very different but still accounting.
2006-09-21 11:09:52 · answer #2 · answered by Grannygrump 3 · 0⤊ 0⤋
Bankruptcies stay on your credit report for either 7 years or 10 years depending on which type you filed. When you do go to work for a company, they may check your credit report as some do these days. They may especially check your credit since you are working in their accounting department and handle their financial affairs. It should not affect any college courses you are taking though.
2006-09-21 10:45:55 · answer #3 · answered by son-shine 4 · 0⤊ 1⤋
Don't think you'll be allowed to practise once your studies are finished for a certain number of years. Contact CIMA or similar and check it out officially.
2006-09-21 10:45:17 · answer #4 · answered by seaside_girl_03 3 · 1⤊ 0⤋
i think it would be unfair to hold it against you as i suppose you have learned your lesson it does all depend on the type of bankruptcy not all of them stay on your credit file for 7 years you have learned your lesson why should you continue to be punished have them done for discrimination if they don't give you a job
2006-09-21 10:52:40 · answer #5 · answered by Anonymous · 1⤊ 0⤋
i dont know how many people will be happy to to have accounts done by a discharged bankrupt.
2006-09-21 10:44:36 · answer #6 · answered by mehboobahmad 2 · 0⤊ 0⤋
I think I remember hearing somewhere that once you have been made redundant you will struggle to get any kind of job in finance. :o(
2006-09-21 10:44:59 · answer #7 · answered by doodlenatty 4 · 0⤊ 2⤋
Yes. It might not help your reputation though.
2006-09-21 10:45:55 · answer #8 · answered by Anonymous · 2⤊ 0⤋
You'll have to declare it, certaintly. Can't your lecturer help you?
2006-09-21 10:46:34 · answer #9 · answered by gerbiltamer 4 · 0⤊ 0⤋
ha!..i wouldnt trust you with my money..Even tho your bankrupsy is over and done with, its still on your record and they can see...
2006-09-21 10:51:12 · answer #10 · answered by Anonymous · 1⤊ 0⤋