Back in 1999 when I was at a major stock traded lending bank a lady came in and applied for the job. The manager was so excited at her resume and was basically telling her to start Monday. She was so excited but later in the week word had spread throughout the branch that the Manager was very upset....this lady had been denied employment because she had filed for bankruptcy. We were told that people who filed bankruptcy could not work with mortgages. I kept my mouth shut but deep down inside thought-this lady exercised the right to seek relief under the BK code-a right that ANY American can seek (this isn' t legal advice so seek out a BK attorney ok?).....a right that all citizens can consider yet this lady who was doing the right thing --looking for a job was told NO! The Manager even called HR and some other big wigs and was told NO you can not hire her.....the lady had explained that she had been through a divorce and needed to file the BK.
Well, wouldn't you know it but several years later the company itslef filed for Bankruptcy! That's when I thought...is this a double standard? How can this coproration tell the working community if you filed for BK don't bother coming to us.....for a job......when at any time the Company itself could file for Bankruptcy...as have many corporations!
How can a financial company assume that someone who files for BK is not worthy or incapable of selling stocks. mortgages, insurance, or working as a teller at a bank? Is there an assumption of guilt in a country that has had an Innocence until Proven guilty culture?
The quite message that someone who files for BK will steal your money is in my opinion wrong and I believe a federal law should exist preventing corporations from not hiring someone who files for bK.
On the residential side of lending MANY people who have had BKs discharged have successfully bought homes and paid their mortgage...i fact our own Federal Government has paved the way for them through FHA to buy a home!
So you can buy a home but not get a job with some companies?
On the commercial side I can work with people who have filed for BK....
Perhaps the right to seek relief under BK needs to be extended to Labor Law so that the unspoken fear mongering by those with a vested interest in preventing consumers from filing bankruptcy is squashed AND enforced.
I have found that the majority of my customers who filed for BK are my best customers...they are down to earth, not arrogant, lack a sense of entitlement to the loan, and are Happier than most of the other customers who are stressed out and have a smile on their face!
This blog is the sole consumer opinion of Charles Hennebeul and does not reflect the opinions of his corporation(http://www.mybuildingfunds.com).
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