I may have to go bankrupt due to a medical situation in my family where I had to borrow a lot of money to help my mother. Is this something that would hurt me with potential employers?

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Posting as :
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That is really good of you. Good deeds have longer pay off than any other investment 💫

likehelpful

Can I hire you ?

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Please DM me if you were being sincere. Haven’t opened this app in a while.

I’m so sorry to hear this! I hope your mother is better. 🤗

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Thank you :) she is doing well now

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Sorry to hear and hope things turn out ok. Some banks dont screen credit unless for positions in sensitive areas (money movement). U may be ok.

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Yes it’s a big deal on a U-4. You can add an explanation 🤷🏻‍♂️

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Bankruptcy, even a very legitimate one, can cause you to lose or be never able to get your license in this industry. It is an EXTREMELY big deal

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I thought that would be more for trading positions, as opposed to (particularly) junior positions. I had to do what I had to do, but I am very worried about the ramifications

To most of those who responded: Stop pointing out the issues - yes it is a big deal. To OP: set up a crowdfunding page and share the link, let’s see if this platform can be put to use. I would chip in. Good luck!

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I am not from that country. Just trying to help.

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First and foremost I hope your mom is ok and I’m sure you did what you felt was needed. Bankruptcy will affect licensing and therefore could affect your career in this industry. That said, the first thing will be setting up a dialogue with those you owe to work something out. The creditors typically would rather get something instead of nothing. I hope you don’t have to claim bankruptcy and I would do anything in my power if I were you not to claim bankruptcy - move, sell vehicles, eat Mac n cheese for a year, Not have cable, etc. If you still feel it’s necessary, there are places you can get jobs even in the industry after filing bankruptcy. If you are young, think about how the next 10 years will be vs say 4 in working out something with creditors. Call the creditors as soon as possible

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it can be a huge black mark.
who owns the debt
talk to your management, there is a saying around where I work that we want to catch you before you go off the cliff and do something stupid, once you are over that cliff we may be able to pull you back.bit may not be able to keep you employed.
you should have help lines and things to talk to. get help restructuring etc.

What is the amount needed for you to avoid bankruptcy?

Unfortunately, no luck from internal resources. Pretty sure options are about exhausted.

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