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Vault Message Board: Accounting

Topic Name: Background Check
Message Name: Credit and Accounting
Date Posted: 01/28/2004
Message: In December, I will complete a Bachelor's degree in accounting, and my job hunt will begin. Unfortunately, when I went back to school, I incurred a lot of debt, and am having a hard time meeting the payments. I have retained an attorney to handle a Chapter 7 bankruptcy, but I have yet to file because I'm concerned about the impact it will have on future employment prospects. I'm aware that employers will be very leary, especially given the profession I have chosen to enter. My question to those who are already working in the field is, which looks worse: absolutely horrible credit or a bankruptcy with a discharge of all debts. Does (or did) your credit play a significant role in determining if someone will hire you as an accountant? I took a huge chance when I decided to pursue another degree and I would hate to see all my hard work and sacrifice be in vain. Thanks in advance for any responses.

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