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Phone: (604) 605-3335  Toll Free: (888) 850-6585

 

 

Boale, Wood and Company

Boale, Wood and Company

Licensed Insolvency Trustee

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Can I be bonded after filing for bankruptcy?

October 10, 2013 by David Wood

I have declared bankruptcy and I am applying for a job that may require me to be bonded.  Can I be bonded after filing for bankruptcy?

The short answer is yes.  However, an explanation about bonding is required.

If you are not yet bonded and are applying for a job that requires bonding, most bonding agencies will ask to see your credit report.  Your credit report will contain a notation that you have filed for bankruptcy.

Generally, filing for bankruptcy does not affect your employment. Unless you ask for your employer to be notified (for example you would like to have a wage garnishment stopped) your employer will not know that you have filed for bankruptcy.

If you are applying for a new job, your potential employer will not know that you have declared bankruptcy unless you are asked to disclose that information as a condition of your employment.  Even if you are not required to be bonded, some companies (such as financial institutions) may ask to see your credit report if you are dealing with money on a regular basis.

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Phone: (604) 605-3335
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We have offices located in Vancouver and Surrey.  We also provide services to residents and businesses in the Yukon Territory.

 

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