Grief and the effects of filing for bankruptcy

Dear Mary: Please give me some tips on how to bounce back from bankruptcy. Will this have an effect on future employment opportunities? – Emmaline

Dear Emmaline: Pay your bills on time; never be late. Don’t have big sales. Don’t ask for a lot of credit. Never use more than 30% of your credit limits. Never let a credit card balance go from month to month. Above all, let nothing prevent you from saving 10% of your net income.

Many states allow employers to require credit reports from prospective employees; it is the new reference of the character. Your bankruptcy could hurt your employment opportunities. The same goes for applying for a mortgage or life insurance. This probing question of “Have you ever filed for bankruptcy?” Will demand truth and honesty.

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