Public official offers example of bankruptcy success | Columbus ...

Filing for bankruptcy carries fewer stigmas than it used to, especially since the economic downtown has caused job losses, business failures and foreclosures. In the past, bankruptcy could even affect a person's job prospects, especially if the person worked in the financial industry.

However, because personal bankruptcy filings have increased so much in recent years, many employers are now willing to take a better look at candidates who previously would have been ineligible for finance-related positions. Employers in Ohio and throughout the country increasingly understand that unexpected life changes, failed businesses, medical debt and a poor economy have caused otherwise careful and responsible people to need bankruptcy relief in order to get a new start.

Ohio residents who are considering personal bankruptcy will be interested in the story of the director of the state of Idaho's Department of Commerce, Jeff Sayer.

He filed for Chapter 7 bankruptcy in April 2003. Though some may view this as a barrier to holding a position that comes with such a high degree of financial responsibility, the state's hiring committee reportedly appreciated that the director was forthright and candid during his confirmation hearings. It was understood that he had learned a valuable life lesson that would serve him well in the post.

Like many Americans, Sayer reached bankruptcy after a series of jobs that did not fully cover his living expenses. He invested time and money in companies that ultimately did not give him the remuneration he sought, and he delayed paying his taxes when money was tight.

Filing for Chapter 7 bankruptcy gave him the protection and breathing room he needed to make a fresh start. After the bankruptcy filing, Sayer began seeking work as a chief financial officer. Though some were unwilling to hire a CFO with a personal bankruptcy, Sayer was asked to meet with the state's gubernatorial staff in 2011. This meeting led to his current appointment, showing that even those with poor personal credit can again find themselves on secure financial footing.

Source: Idaho Statesman, "Commerce director's bankruptcy is his 'life lesson'," Bill Roberts, Aug. 26, 2012

Source: http://www.columbusbankruptcylawblog.com/2012/08/public-official-offers-example-of-bankruptcy-success.shtml

ann coulter tom brady sister dad shoots daughters laptop brandon jennings channing tatum the vow review luol deng