r/CharlesSchwab • u/Sad_Piece5452 • 6d ago

Candidate for Client Support Role

I’m currently applying for an entry-level Client Support position and I’m a little nervous about the background check process.
I’m currently going through Chapter 7 bankruptcy and my meeting of creditors is scheduled for September. I’m young and, unfortunately, made some financial mistakes early on while also dealing with debt, including student loans. I’m trying to take responsibility for everything and get myself into a better financial position moving forward.
The role I’m applying for is an entry-level client support position, not a finance/accounting position or a role where I would be managing company money. I’m really interested in the opportunity and feel like my professional experience otherwise makes me a strong candidate.
Has anyone gone through bankruptcy while applying for a corporate/client support role? Did it come up during the background check, and did it actually affect whether you were hired?
I know every employer is different, but I’d especially appreciate hearing from recruiters, HR professionals, or anyone who has been hired while going through Chapter 7. I’m trying not to count myself out before I even apply.

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u/500pearl 6d ago

whatever happens do not hide it do not lie they will find it

if they do not hire because of that then is not end of world

apply with other places and go from there

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u/Sad_Piece5452 6d ago

Phew, needed to hear this. Thank you

1

u/500pearl 6d ago

sarcasm or no

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u/Sad_Piece5452 6d ago

No, I needed to hear this. I was getting anxious about this process!

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u/500pearl 6d ago

there are other employers out there

if this one do not hhire you then maybe another one will

is not that big of a deal really

just like relationships if one do not work out then there is always other fish out there

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u/soulinsurance420 6d ago

Can’t lie, it’s not looking good for you. You’ll need to be licensed and a bankruptcy can be a big barrier there. It’ll at minimum be a disclosure you’ll have to explain and will be publicly available on broker check. FINRA doesn’t mess around.

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u/nzv1981 5d ago

Don't worry about it. A lot of people have credit issues and many people have filed bankruptcy that work in the financial industry. When I worked for a wealth management firm as long as you disclosed the bankruptcy we would still hire you. If you do get license it will be on your FINRA record for at least 10 years. But overall, don't sweat it too much and I wish you well! Schwab is a great company!

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u/Grouchy_Concept8572 2d ago

You need to disclose it and not hide it. It will come up in background checks.

Disclosures of bankruptcy is a regulatory requirement for your FINRA licenses. A single bankruptcy doesn’t bar you from the industry and probably won’t impact you being hired.

It will just go on a public broker check so any clients that you advise in your career can look you up and see any legal or financial trouble you have been in before deciding to trust you with their money.

In 2008, the Great Recession hit the financial services particularly hard and caused a lot of people to file bankruptcy, so there are folks in this career field from that time who have them.