Bankruptcy

Filing Bankruptcy to Get a Job

By Joseph McDaniel, Esq.

But these folks were different.

They weren't being sued. They weren't living in a house that was the subject of a trustee's sale. They weren't being garnished. No debtor's exam was scheduled.

They had been told that they would not be offered a job because their credit was bad, but if they filed a bankruptcy and got a discharge, they'd do just fine with the new job.

Frankly, that makes at least a little sense to me. If you are an employer, would you rather hire somebody who has no debt, and can therefore live on what you pay him, or would you rather hire somebody desperate for more money, and willing to do what it takes to get a little extra dough?

I knew that bankruptcy was pre-retirement planning; I had not previously seen it as a job search enhancement project.

NOTHING HERE CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. FIND AN ARIZONA BANKRUPTCY LAWYER WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10 RATED, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY SECTION OR COMMITTEE. NOTHING HERE MAY BE USED AS LEGAL ADVICE IN CONNECTION WITH ANY BANKRUPTCY, WHETHER THAT BANKRUPTCY IS IN PHOENIX, GLENDALE, TEMPE, MESA, SCOTTSDALE, OR ANYWHERE ELSE.

Full post as published by Arizona Bankruptcy Attorney Blog on August 07, 2009 (boomark / email).