If you are considering filing for bankruptcy, there may be one aspect of this process holding you back – what will happen to your job? Unfortunately, many are unsure if declaring bankruptcy will impact their current or future employment opportunities, and as such, may be hesitant to pursue this process. If you are interested in filing but are worried about your future, you’ll want to continue reading, as the following blog explores what will happen to your current position when you file and how this process can impact potential employment opportunities in the future. You will also learn the importance of connecting with Franklin County bankruptcy lawyers to help you navigate this difficult matter.
Will My Employer Discover if I File for Bankruptcy?
In general, your employer will not be notified of your decision to file for bankruptcy in Ohio. However, they may uncover this matter in other ways. For example, if they had received a notice to withhold a portion of your funds in accordance with a wage garnishment order and they receive a subsequent notice informing them to halt, they may understand that this action is a part of the automatic stay granted to filers.
You should also note that bankruptcy filings are considered public record. However, the system used to search through filings can be incredibly difficult to navigate. As such, it is incredibly unlikely that your employer will discover that you have filed for bankruptcy.
Even if your employer does discover that you have declared bankruptcy, they legally cannot fire you for this decision. Additionally, most employers will not care about how their employees handle their own personal finances and may even commend you for making this difficult decision.
Will Filing Impact Future Employment Opportunities?
While filing for bankruptcy may not impact your current position, there is a possibility that declaring bankruptcy could impact future employment opportunities. When you apply for a job, you may be asked to undergo a background check. It is important to understand that you do not have to consent to this. However, if you decline, the company may choose not to move forward with your applications. However, employers are typically prohibited from considering bankruptcy filings when hiring, but you should note that this does not extend to private employers. While a bankruptcy filing may not be an issue for an employer seeking a security guard, it can impact your hiring potential for finance-related positions. For example, you may not be hired for a payroll, accounting, or accounts receivable position.
As you can see, bankruptcy is not a decision that should be made lightly, as it can have a considerable impact on different aspects of your life. However, if you’ve decided that this process is in your best interest, you’ll want to connect with an experienced attorney with Cousino & Weinzimmer LLC as soon as possible. Our firm understands how overwhelming it can be to try to navigate bankruptcy on your own. Do not hesitate to reach out to our team today to discuss your legal options.
