Will a prior bankruptcy keep me from a job?
I am applying for an analyst job at a $200bln AUM firm and think I have a good shot at getting the job. I am worried about getting hung up on the background check though.
I filed for bankruptcy in early 2009 after finding an inability to pay off credit card debt that my ex girlfriend helped me to rack up after being together for 6 years. We broke up and I ended up getting left with the bill. It was discharged in 2015 and is no longer even on my credit report so my credit score is really good. However, it still would show up in a civil court record background check. I started at my firm in 2006 and went through the bankruptcy process while there and they had no idea. They recently shut the fund I work on down so now I'm trying to get this other job.
Does anyone know if firms actually do civil court record background checks or do they just do criminal checks along with maybe checking a credit report? Not sure how worried I should be about this.
The banks usually run credit checks but the two asset managers I've worked at did not, nor did they ever ask me about it. There's also a time limit that the banks use. I can't remember if it's 7 or 10 years, but very possible you could already be past the window they would look at. Honestly I think you'll be fine. I wouldn't bring it up unless directly asked about it.
I would come up fine after a credit check and a criminal background check. The only thing that would catch me is a civil background check where they look for other court records. I would prefer them to not find out. I was hoping to get a sense of how many firms run civil background checks and of the ones that do, whether a past bankruptcy is a deal breaker. Not sure where else I could ask the question.
What happens if an employee declares bankruptcy (Originally Posted: 12/27/2013)
Just curious, what would exactly happen to an employee of a financial services firm if they ended up declaring bankruptcy for whatever reason (illness of family member, inability for spouse to work, unforeseen life events, etc.) Assuming the person is already employed, would their firm consider letting them go or is it only an issue if you try to make a move to another company before the bankruptcy is discharged that it becomes an issue. Also would this be more pertinent for someone in IBD, S&T, PWM, corp. lending type roles vs F500 finance, etc.
Wow, interesting, I'm curious too
Bankruptcy for my husband (Originally Posted: 09/14/2015)
Hello all! Me and my husband live in Toronto. My husband’s ex-wife is suing him for money. She is not willing for a settlement instead she wants the entire amount in a lump sum payment. Its not possible for us to make the entire money. So my question is if we get judgement against my husband, can we file for bankruptcy? I do not know much about the process. We are meeting up a bankruptcy trustee( Kevin Thatcher, Mississauga ) tomorrow, but before that I wanted to get a general advice here.
How the hell does this relate the getting into Business School?
It sounds like you should retake the GMAT.
Those are some weak ECs.
This is absolutely not the place to solicit that kind of advice.
Best of luck with things though and hopefully you did a lot of thinking about this before you got involved with this mess.
www.jdoasis.com
not sure if this applies in Canada but I hope you did some legal planning and have umbrella insurance.
godspeed
Does your lawyer know you're not coming from a target school?
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