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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In most situations, an employer is not required to have a specific reason to fire someone.
Employers can fire that person because they showed irresponsibility covering their own financial matters, therefore we don’t trust them with our company business matters.
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