Don’t Quit Your Job if You’re Filing Bankruptcy

By now, everyone’s heard of Steven Slater, but just in case, here’s a refresher:

Monday, Steven Slater, a flight attendant for JetBlue became a hero to all who have thought of or dreamed of walking out on their job. Granted, there are a few additional points to Mr. Slater’s story that made him more exciting than most that quit their jobs.

First, he basically cursed everyone out over the intercom system and then opened an emergency slide and slid out of the airplane. Not of course until he snatched two beers on his way out.

Whether you are a fan or not of Mr. Slater’s, the fact remains that no matter how crappy our jobs are, most of us cannot just walk out, let alone in such a spectacular fashion.

If you are considering bankruptcy or have filed bankruptcy, you most certainly cannot quit your job. Unemployment is way up anyway, and it’s pretty commonplace for employers to run credit checks on applicants. There is a chance that you will not only find it difficult to find another job, but could also be denied employment because of your bankruptcy.

The professions that pay the most attention to whether you have filed bankruptcy or not are often finance related and either focus or deal with money or credit.

What Do You Do?

If you have filed bankruptcy and are job hunting make sure you are honest and upfront. If “Have you ever filed bankruptcy?” is on the application, make sure you answer truthfully and hopefully you can explain. Generally, people are more understanding of bankruptcy if it is caused by medical bills or unavoidable circumstances.

Also make sure that you keep your credit report clean and try to improve it by making any payments on time and managing the credit that you have wisely. This at least shows that although you filed bankruptcy, that you are on the right track to improving it.

Last, if you can, don’t apply for jobs that are finance related. This includes financial institutions, collection agencies, lenders and stock brokers. You may have to find a job in a different field until your credit report improves.

Most of all though, if you are employed when you file bankruptcy it isn’t a good time to follow in Steven Slater’s heroic footsteps. Bankruptcy is stressful enough without the added pressure of trying to find a new job, even if you do have an emergency slide. And two beers.

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2 Trackbacks

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