Notice: Due to COVID-19, we will be conducting all consultations via Zoom and telephone. We are open and here to help people in these trying times.
Please don’t hesitate to call us if you have any questions!
Bach Is Your Financial Future.
555 Skokie Blvd Suite 250, Northbrook, IL 60062
PO Box 1285, Northbrook, IL 60062
Contact Us Today!(847) 440-5998
One question we are commonly asked by clients struggling with debt is if they will be fired from their job after they file for bankruptcy. Under U.S. bankruptcy statute, it is illegal for your employer to take any adverse employment action just because you have filed for bankruptcy.
According to Section 525(b) of Title 11 of the United States Code:
“No private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or has been a debtor under this title, a debtor or bankrupt under the Bankruptcy Act, or an individual associated with such debtor or bankrupt, solely because such debtor or bankrupt:
Although this section of the bankruptcy code clearly establishes that you cannot be fired from your job because you file for bankruptcy, many people still worry that their employer or a prospective employer will take adverse action against them. However, filing for bankruptcy will give you a fresh start on your finances, which can actually improve your performance at work because you are no longer burdened with the stress of being in debt.