Although there are many undeniable advantages to filing for bankruptcy, there is still a certain stigma attached to it, and this often deters people, preventing them filing. If you are struggling with overwhelming financial challenges but you are worried about how bankruptcy could negatively affect your life, it is important that you clarify the validity of some of your suspicions.
It's common for debtors to feel ashamed of the financial situation they are facing, and they may even let their issues degrade their own sense of self-worth. However, there is no reason to feel shame when filing for bankruptcy. In fact, bankruptcy should be seen as an act of courage. By taking action to face your financial issues head-on, you are making the best decision for the long-term well-being of yourself and your family.
Many people also worry that by filing for bankruptcy, they may run the risk of losing their job, or that they will be discriminated against when applying for a job. If you are worried about this, you simply need to reassure yourself by understanding your rights under the laws in Maryland.
Discrimination against debtors is prohibited federally
Across the United States, both private employers and governmental units are legally prohibited from discriminating against debtors. This means that they cannot base any employment-related decisions on a person's choice to file for bankruptcy. Additionally, a person cannot be discriminated against because of past financial situations they have been in, for example, if they have not paid a debt in the past.
What anti-discrimination standards are private employers held to?
Private employers across the United States are banned from terminating the employment of a worker because of their decision to file for bankruptcy. They are also prohibited from making any type of employment decision that discriminates against an employee because of their bankruptcy filing. It can be possible for employees to make a discrimination claim against their employer if they believe they have been subject to bankruptcy-related discrimination.
If you are considering filing for bankruptcy but you are worried about the possible negative implications, it is important that you conduct thorough research and that you become knowledgeable about your rights.