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What will your employer think when you file bankruptcy?

Will bankruptcy affect your job? There is actually protection built into the bankruptcy code for your job. There is a specific part to the code that stops an employer from firing you solely for filing bankruptcy. Keep in mind that Missouri is an “at-will employment” state, which means that your boss can terminate your employment for any reason they like, as long as it is not illegal. So, you shouldn’t be scared about losing your job because of your bankruptcy but you do want to make sure you have a clean record with your boss.

If your wages are being garnished or you are receiving creditor calls at work, your boss most likely knows that you are in debt anyway. Trying to hide that from them won’t work. Filing bankruptcy, however, shows your boss that you are willing to take responsibility for your debt and get your life back on track. Bankruptcy may actually allow your boss to see you in a positive light, as someone who is willing to do what they need to do in order to get a handle on their debt. Your boss may have more respect for that decision than if you had chosen to remain under the overwhelming weight of debt and not take any action.

So, don’t let the myths about bankruptcy stop you from making one of the best decisions you can for you and your family. For every situation, there is a solution. Bankruptcy can be yours.

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