I'm thinking about filing for bankruptcy and I don't want the firm to find out. Does anyone know if you can get fired from an M&A practice or someone who has been fired for going bankrupt?

like
Posting as :
works at
You are currently posting as works at

🍿

like

OP, this sounds like a rough deal. Thank goodness you're a Deal Manager.

like

@PWC1 - thx, that was extremely helpful... 😂

like

Wishing you the best OP.

like

Op for president

like

idk anyone who got fired however you would not be able to work on certain federal projects that require special clearance.

like

Ey1, what kind of federal projects are doing 'M&A' work 😂..clearly OP is in commercial

like

@PwC2 - the lawyer is the one that told me that the trustee would contact my employer to take the payments directly out of my check

like

D2, Deloitte actually has a healthy federal m&a portfolio. a number of agencies have consolidated or divested functions. with a Trump presidency, there will probably be more of that. some of my former colleagues are doing significant m&a work on the federal side. you probably should educate yourself on your firm's offerings a bit more.

like

Oh man that's rough. Best of luck

like

@KPMG1 - it's not a side business, I'm just an investor, and yes, I declared it in my independence. The personal debt limits are also part of independence from a personal standpoint but not from a business liability perspective. Either way, I realize that the debt is cause for termination... yet another reason why I would prefer not to disclose...

like

Probably depends on what conflicts the bankruptcy may cause/unveil. Talk to a lawyer before bringing it up to your employer

My parents went through a similar situation and their trustee went to their bank acct after the paycheck was deposited. But I would trust what your lawyer says.

@SC1 - the lawyer said if I could find precedent of someone being fired I could make a case for the trustee to let me make payments directly - that's sort of why I started this thread - to look for precedents and use it as evidence that will allow me to file a motion for direct payments and not wage garnishment.

@PWC1 - thx, this is a shitty deal, need all the good wishes I can get

What happened that you're in so much debt?

Sounds like you and SC1 should talk to see if his/her parents situation is enough to act as precedent

Neither of my parents lost their jobs.

Good to know SC1, but I think one reason they didn't have trouble at work was because they set up direct payments and were able to fly under the radar...

@Deloitte1 - started a side business that went belly up. Was bootstrapping with personal credit until we could obtain angel funding... now I'm the guarantor for lots of money for a business that will never service the debt

Related Posts

Hi Bainees,
Can someone help me understand the role hierarchy at BAIN. I am currently a consultant at Deloitte so if I join Bain, what would be my equivalent role?

Thanks in advance.

like

I have 2 offers. One in IQVIA as digital marketing manager and second as Product management - senior manager in Japfa comfeed India. IQVIA is paying slightly higher than Japfa.

I want to get into strategy - business in future for career progression. Which will be a better option to select?

like

Hi Fishes
I have got offers from PwC AC Bangalore (EA) in Management Consulting vs Accenture Capability Network as Management Consulting Analyst.
CTC almost Same

Which would be better considering WLB and growth?

Workex :Pre MBA 3 and Post MBA 1 (in consulting)
Tier 1 Bschool

like

Currently, I am working in a metal production. I have 3 years experience in this role. I am learning Data Science from percipio platform of Skillsoft. It has 4 courses from Data Analytics to Data Scientist. Is tgat enough for me.

like

Investing beginner here. How did you learn? Any resources that I could read/watch would be helpful. Thanks

like

Any tips for someone trying to break into consulting in the GCC from the US? Applying blindly hasn't worked out. Head hunter recommendations would be great as well!

like

Does anyone know what the starting salaries are for a consultant vs senior consultant at Deloitte and how quickly you can progress between the two grades?

like

How viable/easy is it to move from patent prosecution? I’m assuming patent lit is an obvious option, but what about tech trans? Other general practice areas? Bird law?

like

Is it possible to transition from antitrust litigation to general litigation?

like

I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?

like

What are different roles in LTI. I have got offer as P4 .May I know other roles from P4 onwards.
My exp is 11.10 years

like

Stuck on a tech implementation for 18 months now. Part of me wants to quit my job, but a big reason I am anxious to do so is how pivotal my knowledge and experience is to the success of the project.

like

What types of work accommodations can help people with ADHD? I am starting to believe 35+ of having not managed my ADHD has really negatively impacted me in career growth etc. I'm realizing a lot of things about myself are because of the ADHD. I want better for myself and family but 1. I don't enjoy the same things forever 2. Imposter syndrome and RSD make me believe it's acceptable to start over in new places at low salaries. 3. Typical college won't work for me. 4. I also can't relocate.

like

How many people earn a degree in Engineering but don’t pursue a career in it,for whatever reason?I know at least one and I don’t know why they spent all that time and money if they weren’t going continue in it

likehelpful
like

Anyone know what is the eligibility for promotion in Harman and when that gets reflected? I have 9+ years of exp expecting designation change by this year. I completed 2.5yrs in Harman

like

I currently work in Private (GA) Aviation & have for some time (about 12 years) I’m currently making the switch to the Department of Aviation and am unsure if I should ditch my current job (in private) and go full force with the DOA & embrace this new opportunity educationally and gather as much experience as I can or keep both jobs even though I’d be working 80hr weeks.. I love the private world but am really ready to move up. I don’t know what I should do. Any suggestions?

like

For those of you who are currently working at or have worked in the past in Deloitte, McKinsey, etc - What is it like working at the big 4 consultancy as a UX designer? Do you think you are able to get strong portfolios out of the work? Do you think it would help you career? Asking as someone considering to move from in-house to a consultancy.

likehelpful

Those who went to consulting or advisory from audit as a manager: did you have to step down?

like

Top 10 books to read about consulting life ?

likefunny

More Posts

Mid-senior level transactional folks: how do you originate deals? The only deals I originate come from when one of my corporate clients randomly decides to sell a business. There has to be another way to land more deals, right?

like

If your manager gives a false commitment of onsite then what can be done against the manager ?

like

Does your review ratings at work factor in at all to your application/mba review? Or are the recommendation letters the only insight admissions gets into your work performance?

like

Why is Deloitte giving Iphones to people and what is this well being program? Can anyone explain.
Also, does it apply to Deloitte India(not USI) employees? Thinking of joining Deloitte India in feb in consulting service line.

Hi fellow fishes, just received an offer for EY cap. Markers as an M, and wanted to get your view on how life at EY is like e.g. work life balance etc. Also wondering why EY has such a terrible rating (just 1.6) on Glassdoor. It’s kinda scary it’s so low

like

Which trading platforms do you use in India??
As a NRI, how do you guys plan your investments?

Can anyone help me out with a sample sales
territory plan? I’m looking to move from a fully inbound sales role to an external role managing a specific territory. This is going to be a change and a challenge that excited for! Any advice/tips would be most appreciated!

Couldn’t check in for an hour because there was a ‘fire alarm’. Hoe many points?

like

Is myGEMMA legit to buy watches 👀??

like

Anyone subletting this summer?

Where to find “real” organic fruit? The organic bananas and apples from Trader Joe’s and Sprouts always makes my mouth itch

likefunny

Have 20k, what’s a good small business to start with this fund? Serious question here

like

Hike expectations for someone who got mid year promotion ?con to scon

like

What is the experience required to become senior manager in US taxation

I’m interviewing for a marketing manager role at a company based in SF. I’m genuinely excited about the role and the company but we’ve yet to discuss salary. I expect to be asked at some point, but my research has given me a VERY broad range. So I’m here to do a bit more research. I’ve got 5 very relevant years of experience and will have an associate manager directly reporting to me. Are there any marketers out there who can share their salaries in similar regions and experience levels?

like
like

For a full time opportunity in Infosys for various roles: Full stack dev, AWS dev, Data on cloud, Cloud engineering and so on. Ping your profile in rohit.mukherjee .dak@gmail.com for referrals.
Infosys

like

Deloitte Senior Consultant position. GPS. Human Capital. 5+ years of consulting and freshly minted MBA. What’s the salary expectation?

like

Hello Slalom family. Currently going through rounds of interviews with Slalom. Any guidance on TC for a senior principal for Salesforce group?

like

Additional Posts in Consulting

Waking up for a 6 am flight and realizing you managed to lose your earbuds between now and when you left the office 6 hours ago. Smh

like

Does anyone else suffer from caffeine withdrawal?

like

Watching x-rated content while on the toilet, bc it be like that sometimes. I drop my phone onto the next stall's floor. A guy picks it up, watches the screen for a sec and hands it back to me. FML.

like

Does B4 let people go the same day as their resignation only if they’re going to a direct competitor? How about MBB or a tier 2 consulting firm?

Have people been let go immediately in case they go to FAANG or other industry firms?

like

this baby next to me kept smiling at me every time she woke me up from my sleep in the plane. I just couldn't get mad at her innocent smiley face. 😀 #littlethingsinlife

like

EY people - how does my manager see my hours billed?

like

Post your best Facebook/IG/WA and Zuck memes here!! The world had nothing to do for hours, am sure there was a deluge of memes!!

like

What's a good online excel course/training that can be done over the weekend to brush up functions, charts, pivot table, etc?

like
like

All the engineers (both male and female) at SpaceX are so attractive. Damn

like

All I want to do is curl up in bed with hot tea and a good book. Recommendations for if I ever achieve said dream?

like

EY and KPMG denied my applications 😥 please take me I want out of here!

like

Hello! I’m going to BSchool in August. Any recommendations on books / websites / videos to be more prepared for management consulting interviews?

Wonder how many people have worked for all the Big 4 firms. Considering their size there has to be someone

like

Know this may be a long shot in terms of actual responses but:
@PPMDs, what are your thoughts on the current/impending COVID specific layoffs at your firm?

E.G. Glad for the opportunity to reduce the headcount of mid performing SMs with little/no chance of making PPMD? Sad to see a firm you’re a part of undergo such unforeseen circumstances?

like

Best consulting firms for PE work (CDD,Value Creation)? Looking for the best firm for exit ops to PE ops eventually. Thanks!

like

Woke up to bug bite at a Sheraton on my Birthday.. #GreatStart🙄😪

like

Finally found THE one, after over a year of searching and trying out at least 5 different ones!

A nice comfortable office chair.

https://ergochair.co/collections/chairs/products/ergonomics-mesh-chair-w-adjustable-headrest-and-armrest?variant=32511617597491

My criteria: mesh seat and back, arms, headrest

I tried cheap ones from Amazon. Expensive, second hand gaming chairs. Tried HM Aeron (second hand) and while I didn't like the bulk and the general design, I was sold on the mesh seating. I wanted to get the ErgoChair 2 from autonomous, but it doesn't have mesh seat.

AMA.

likefunnyuplifting

Do you think firms should pay the same salary to everyone at the same level, or allow for variation within a band based on experience?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal