CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Job Hunting? How Bankruptcy Can Help

If you’ve been searching for a job, while also worrying about financial issues, you are not alone. Whether a job loss triggered your financial woes or just added to them, things might seem bleak if your struggles just continue to worsen. And if things are dire enough to consider bankruptcy, you are likely wondering how filing could affect your chances of being hired.

The truth is, filing for bankruptcy in Tampa could actually improve your chances for employment. This varies from job to job, so it’s important to consider the field in which you are applying for employment, but for many, filing for bankruptcy is going to provide a number of positive benefits, including the likelihood of finding a new job.

What do you need to know about bankruptcy and your job hunt?

Wage Garnishment

One of the most embarrassing aspects of struggling with debt is the risk you face for wage garnishment. In some cases, your creditors will have the ability to garnish your earnings, which means your employer will know you are struggling financially.

By filing for bankruptcy, you are limiting the ability of creditors to access your paycheck to collect their money. By preventing your wages from being garnished, your new employer might not ever know you are facing financial difficulties.

For more information on wage garnishment, check out the US Department of Labor’s website.

Proves You Have Control of the Situation

Though it might seem as if bankruptcy is an indication your life is out of control financially, the opposite is actually true. Bankruptcy is an action step. It shows everyone aware of your financial struggles that you have taken control of the situation, and that if things aren’t perfect right now, you are working your way toward making them better. If a prospective employer becomes aware of your bankruptcy, he or she will likely view you as someone willing to face a problem head on and do what is necessary to solve that problem.

Create a Sense of Trustworthiness

Applying for jobs overwhelmed by debt can leave prospective employers with the sense you are desperate – and potentially a security risk. Some people, faced with frightening financial problem, will make unethical choice. Even if you are not the type to sacrifice your values to resolve your financial situation, a potential employer cannot determine that in advance, so they’ll pass on your candidacy for employment. By filing for bankruptcy, you are making yourself a less risky employee.

Dealing with Your Interview

So how should you handle a job interview if you are asked about bankruptcy? The best thing to do is to be honest.

Share some details about what led to your bankruptcy – job loss, relationship status change, medical bills – and be clear that you did what you could to resolve the problem. Make sure whatever debts are left after your bankruptcy are paid on time and meet the other obligations of your bankruptcy. In most cases, prospective employers are willing to overlook bankruptcy, provided the applicant shows responsibility and is otherwise qualified for the job.

Are you concerned about finding employment because of money issues? Do you have questions about bankruptcy and job hunting? We can help. Contact the Law Offices of Robert M. Geller at 813.254.5696.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

How to File for Bankruptcy without Losing Your Assets: How an Attorney Helps You Use Florida Bankruptcy Exemptions

If you're considering filing for bankruptcy, it's important to know that you can still keep your most important assets. The...
Read More

6 Things You Can Do to Make Filing for Bankruptcy Easier

Bankruptcy is often a confusing and scary process. It can be very overwhelming to face the prospect of declaring bankruptcy,...
Read More

4 Great Bankruptcy Resources for People Struggling Financially

Filing for bankruptcy can be a daunting process, but there are many bankruptcy resources available to help you through it....
Read More

6 More Things You Should Know About Bankruptcy

When you’re considering bankruptcy, it can help to know what to expect. Understanding the bankruptcy tricks and tips available to...
Read More

How to Take Control of Your Financial Situation

Do you want to learn how to take control of your financial situation? Does it feel as if your spending...
Read More

What Can I Do If I’m Being Harassed by Creditors?

Struggling with financial problems is bad enough. It gets a lot worse if you’re being harassed by creditors. What is...
Read More

Can I File for Bankruptcy without an Attorney?

The short answer to this question is yes, you can file for bankruptcy without the help of an attorney. However,...
Read More

Can Bankruptcy Improve the Health of Your Marriage?

Marriage and money problems go hand in hand. Financial problems cause everything from minor squabbles to full-blown marriage-ending fights within...
Read More

5 Common Budgeting Mistakes Newlyweds Make and How to Avoid Them

Budgeting mistakes are common, especially when you’re young. Not all newlyweds are young adults, but many first-time marriages do involve...
Read More

When Should Married Couples File for Bankruptcy Together?

There's no easy answer to the question of timing when it comes to bankruptcy. In some cases, it may make...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions