I f I declared bankruptcy, can I still get a job in financing or accounting?

Question

I really like both these fields. I even like economics. Yikes, i know. Anywho, I was wondering if anyone has gone through something similar. I already have a BA in Business Admin. and was thinking of getting a Master's in Accounting, Finance or Economics but I don't know if I should waste my money on that or just go for another field altogether. What do you guys think?

Answer 1

You wil have a very hard time getting a position. Most employers will run the other way. Since they can't list this as a reason, they will cite reference problems. In some cases they will only run the credit to see how it comes back before they go further. Like it or not, credit is just as discriminatory as race or gender. Too bad most of the studies do not support their ignorance.

My friend was in a bad situation when her husband left her with two sick premature babies. Medical bills piled up. She was advised and really had no other choice- her employer caught wind and she was let go. She had excellent reviews and had just received a bonus for good work. Customers always asked for her, and she was dedicated. This was not a performance issue. Her employer even gave her a letter of recommendation; but state that due to her current financial situation it did not mesh with the services in accounting and finance that she was offering on behalf of the company.

She found a job after 18 months. It is in the Accounting field, but nowhere near what she was making before and is a lower job.....she is constantly taken advantage of and she was told that with credit as bad as hers she was luck that they liked her.

Do yourself a favor and either don't declare, or find a new line of work.

Anyone here who is telling you that it is not a problem is wrong; DEAD WRONG. I'm sure their answer would be different if they actually knew or lived in the situation.

Good Luck with your choice.

Answer 2

I know it is wrong to answer a question with a question, but really if you file for bankruptcy how do you plan on paying for furthering your education?

If you are declaring bankruptcy to default on student loans shame on you.

Although I will not assume that you are, there is no reason why any of these fields would be out of reach b/c of your personal finances. I am bookkeeper with and accounting diploma, and I still make bad decisions regarding finances.

Answer 3

Employers ARE permitted to discriminate in hiring based upon credit at this time. (which I think should be illegal)

I think by the time you finish the degree, it won't matter about the BK, as long as you have reestablished your credit score.

Also, once you are hired with a company, it is illegal for them to fire you on the basis of you filing BK. So, maybe you could get hired into the company you want, at an entry level position now, and then file.

It is hard when you have financial problems. Good Luck.

Answer 4

It might be difficult. If you go to work for any financial institution, they do perform a credit check on you. It has come up with a number of my employees in the past, where the BK disqualified them from the position. Especially if it is between two otherwise qualified people. There are a lot of companies that do credit checks now as part of the pre-employment procedure.

Answer 5

a good number of employers examine credit now. There are quite a few reasons they trouble approximately low credit: -you would be distracted and worried approximately your funds and not centred on your job -lenders will trouble you at paintings -the corporate might ought to garnish your wages it relatively is merely a headache for the payroll persons -you will be able to correctly be tempted to thieve from the business employer to pay your expenditures -you will be able to correctly be liable to a bribe to do something incorrect that ought to place the business employer in threat -in case you may no longer preserve your very own money, the business employer won't choose you coping with theirs -a credit status is often seen as a mark of accountability. ie: low credit = irresponsible. it is the single that relatively isn't honest. a low credit history will disqualify you for any sort of governmental job (the bribe ingredient) and maximum banking jobs (coping with different persons's money). In different factors, a credit document may well be seen yet is many times no longer the only figuring out ingredient. it relatively is the tie breaker between you and an the two qualified candidate. while you're denied employment on the inspiration of your credit, they ought to notify you in writing and you're then entitled to a unfastened replica of your credit document so as which you are going to locate what's on there that the flair company did no longer like. I labored in retail for an prolonged time. We did no longer trouble to run a credit examine on sales friends even however the authorization replaced into area of the appliance packet. whether, all of us who replaced into going to be a supervisor with keys to the keep and get right of entry to to the secure had to have a sparkling credit history. the business employer I paintings for now's heavily unionized and the contract has a provision that the business employer is authorized to fire all of us with 3 or extra separate garnishments on his paycheck for inner maximum debt. financial ruin won't keep you from getting a job whether it could make it harder and could close some varieties of jobs. seek for issues the place you're no longer coping with the business employer's money and you should be high quality.

Answer 6

Most employers today will do a background check. Some licenses, such as banking licenses, will require one. This should not bar you from employment although some companies may not hire you. You will still get a good job if you have good grades and do well in the interview.

Answer 7

Bankruptcy does not legally bar anyone from getting a job. If you apply for a job in accounting, I don't see where the matter of bankruptcy will come up. It won't be on your job resume. There won't be any questions relating to bankruptcy on a job application.

Answer 8

An employer can not discriminate because you filed for a BK but they will ask for a letter of explanation regarding the circumstances. That is what we do at the company I work for.

Answer 9

That doesn't have anything to do with getting a job. You can still be hired.

Answer 10

Sure I just feel sorry for your clients