How Filing For Bankruptcy Affects Your Employment And Salary

2012-01-20

Watch the video or continue reading below. Normally filing a bankruptcy will not affect your employment or your salary. Some positive things that can happen are garnishees being stopped by the bankruptcy (except garnishees for support payments) and stopping harassing calls while you are at work. Where a bankruptcy can affect employment is when your position requires you to be bonded. As the bonding requirements can vary from company to company, you are best to discuss with person in charge of payroll if you think it could affect you. For more information on how filing for bankruptcy may affect your employment or salary, pleasecontact me directly or consult ourPersonal Bankruptcy FAQ.

Latest Blog Posts

2025-05-07

How to be a responsible credit card user

Leah Drewcock

Credit cards are a popular and convenient form of credit that can be a very useful tool.

Read More

2025-04-25

Understanding debt collection in Canada: Protecting your financial health

Olivier Boyd

Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future. 

Read More

2025-04-25

Top five mistakes to avoid when considering filing for bankruptcy

Bankruptcy

Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future. 

Read More

Consultation icon