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Will bankruptcy affect your ability to get a job?

As a resident of Washington D.C. who has recently filed for bankruptcy or is considering filing, you may have a number of questions regarding the long term effects of this financial move. For example, you may be wondering if having bankruptcy on your record will affect your ability to find employment in the future.

Monster.com states that while discriminating against people for filing bankruptcy is illegal, but that bad credit, which precedes bankruptcy, may be taken into consideration. Not only that, but some employers may find this to be a financial red flag and a sign that you do not manage money well. This can be even more of a problem if you're looking into fields that have to do with money, such as accounting or financing.

However, bankruptcy itself can also be considered as a mature and sensible response to dealing with debt. Reasons for falling into debt can also differ wildly from person to person, and it's possible that some companies might give more leeway to certain reasons for debt than others. Know that your decision will likely be questioned, and be prepared to be honest and upfront about your financial history. Lying about it will only worsen your chances of landing a job, and can even get you fired if it's discovered after you have been hired.

As long as you go into job interviews understanding that employers will look at your credit and bankruptcy history, and go in prepared to defend why you made the decisions you made, you will likely improve your chances of being hired.

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