Many individuals that are going through a bankruptcy are really embarrassed about this and often feel that they want to keep it as quiet as possible. The question often arises as to whether they should tell their current employer about their bankruptcy or should they reveal this when they are applying for a new job.
In the situation where you are in a current job your bankruptcy should really have no bearing on this. If you are working in a position of financial trust however, you may want to decide to discuss your bankruptcy with your boss in the event that he should find out about it. With you coming forward and being honest with him it shows that you have been responsible in your actions for getting your finances under control, and there should be no worry on your employer’s part as to you being a risk to the company. What you also need to be aware of is that you cannot be fired because of your bankruptcy. Your employer cannot discriminate against you by holding you back within the company because of your bankruptcy situation.
If you are applying for a job you will find that in many cases you won’t have to reveal your bankruptcy action. This is going to depend on the industry that you are applying within. It is really going to come down to a personal decision as to whether you feel that it would be better that you did reveal that you have become involved in a bankruptcy or recently completed one. It may put you in a very good light with your potential employer as they can see at that you have taken positive steps to correcting your financial situation. Most employers also understand that many of their applicants have been out of jobs for a lengthy period of time and fully understand how they could get into a financial situation that has lead them to bankruptcy.