I was watching a tv show where a character had to declare bankruptcy. She was told that she was required by law to disclose this to her employer. I’m not sure how much of this is based in fact, but if you had a lot of debt, wouldn’t it be beneficial for all parties involved to allow that person to keep earning an income in order to reduce that debt?
For added context, this was an Australian show so I’m not sure if these laws apply elsewhere, let alone Australia.
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Certain jobs require you to disclose financial difficulty for the reasons already mentioned. Another factor, particularly if working with convicted criminals (such as Police, Probation, Court staff etc.) is that you may be more susceptible to receiving bribes.
This probably wouldn’t be grounds for dismissal, but would usually mean that you are monitored more closely.
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