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Hiding Your Debts Can Lead to Job Loss

An advisor at AXA learns the hard way that hiding your credit card debts and ignoring even addressing them is not a good debt plan.

http://www.businessinsider.com/stockbroker-learns-debt-is-career-ender-2012-9

Only after his employer received notice of a wage garnishment did they learn about it.  Unfortunately for this employee, not telling his employer and not dealing with his debt issues caused him to lose his job.  Simply doing nothing is not a good plan.  Rather than hiding from his debts, this guy should have taken action.  If filing a bankruptcy wasn’t an option, perhaps debt settlement may have helped him save his job.  The key is to do something.

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Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.