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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The general logic that is used behind this is that if someone is having financial trouble they are more likely to steal or commit some other crime in order to deal with that.
Whether or not that logic is true in most cases, or whether it is simply an excuse to fire someone the employer perceives as a failure is far too complicated a question to answer simply, especially considering how morally complex it is.
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