Will My Bankruptcy Hurt His Career in Stock...

[Poofee21]

...Trading/Advisory? My fiancee works under a fidelity bond to trade stocks and advise and all that fun stuff. Consequently, he can never have a felony or bankruptcy or a number of other things on his criminal or credit record ... He is afraid that the bankruptcy I'm having to file right now will hurt him in his career after we're married because our credit can be pulled jointly and might cost him his fidelity bonding/insurance ... Does anyone know if this is the case?

[justaboutpeace]

It probably can I have heard of stranger things. Check into it by calling a bonding company or research it on the internet.

[Boomaloha]

yes, it can, unfair as it may seem. You will be scrutinzed as a part of him after marriage. They may hold it against him. Better to wait a while until all is discharged, and all the fallout has settled before tying the knot.

[maamu]

I do know of a woman that had really bad credit. Her fiance was in a highly secured position with the military defense. He said her credit history would affect his--thus affecting his position. They did not marry due to this reason.I always thought he was making it up to avoid marrying her--maybe not.

[laxfanweeb]

you're not even married yet so neither the NASD not the SEC will even consider you. Even if he were having a bankruptcy it would not do anything if he already is employed. I have my life and health, my 6 and my 63 and though I have never gone through a bankruptcy my credit SUCKS! lots of mistakes as a youngen. It is possible but not likely his job is primarily based off of his reputation.

[julez]

When you are married you will have separate credit reports. If you file bankruptcy, do it before you are married. I did a consolidation years ago and its on my credit. My husband and I bought a house and his credit was used with no problem, while mine showed the consolidation still. If you want to be sure you can call one of the major credit bureaus (Experian, Trans Union, or the third one [can't remember the name]).

[eric c]

Julez is right. Credit reports are run for individuals not couples, this will not affect his credit, it will affect anything you apply for jointly. Do it before you get married to keep it less complicated. When answering questions about being bonded or a financial adviser it will ask him have "you" ever filed for bankruptcy not you and your spouse. To make him feel better ask the lawyer who is assisting you in your bankruptcy, and yes you should be using a lawyer.