Bankruptcy Act Protects Job Searchers Who Have Filed Chapter 7 Bankruptcy in Chicago

21-Jan-2011 Bankruptcy has a strong and colorful history that has shaped the definition we have today. Bankruptcy dates back to medieval times more than 500 years ago.

The word itself is from Latin roots and means "broken table." This definition came from hundreds of years ago when bankers managed their business at a table in a public location. Should the banker make an error their "table" would be "broken" and they were seen as no longer fit to do business. Today the same definition applies when a person or business can no longer conduct business they are bankrupt.

In the long history of bankruptcy there was also some fear of what others would think if you had to file bankruptcy. One of the biggest areas for fear was among those in need of work. Employees were nervous that a perspective employer would see in their paperwork that they had recently filed for bankruptcy and avoid hiring them.

To prevent this, the bankruptcy act of 1978 protects people who have filed bankruptcy from being discriminated against when applying for a job.

If you have filed chapter 7 bankruptcy you can rest assured that although your employers can see bankruptcy on your record, they may not choose not to hire you based souly upon that fact.

Through the years chapter 7 bankruptcy remains the most common form of bankruptcy and incorporates liquidation into the process. Chapter 13 bankruptcy is reserved for those who earn a regular income. Other types of bankruptcy such as chapter 9, 11 and 12 are more niche and less common.

Hiring a Chicago bankruptcy lawyer can help you better understand the function of bankruptcy as well as helping you navigate the process and protect your rights.

Chang and Carlin
The content found on the Chang & Carlin site is not legal advice and is purely for informational purposes. The information contained herein is not a substitute for the advice of an attorney and does not create an attorney-client relationship. If you are interested in obtaining information about chapter 7 bankruptcy, chapter 13 bankruptcy, foreclosure services, real estate legal services, you are encouraged to call our law firm at 866-790-8601 or Request a Free Legal Evaluation. Chang and Carlin serves clients in Chicago, Schaumburg, Joliet, Warrenville, Waukegan, Illinois.