Maybe you all would know something about this. To make a long story short, I was an idiot as a teenager and went nuts with credit. It all ended up in my declaring bankruptcy around 6 years ago. Since then I have turned my life around and haven't had any sort of bad credit incidents.

Now I have been accepted to a good MBA program, but I am wondering if I will even be hireable after graduation. I'm reading that a lot of companies do credit checks and automatically disqualify anyone with a bankruptcy. Will I even be able to get a job? I'm wanting to go into something like corporate finance or brand management.

You guys can save the "Declaring bankruptcy shows what kind of person you are," or, "If you cannot handle your personal expenses, how can you be trusted with a company's," sort of lines. I KNOW that I was a stupid punk as a teenager, but I have totally changed since then. The key word is "was". Believe me, I feel absolutely horrible about what I did and the first thing I will do with any sort of signing/hiring bonus is repay all the accounts that were included in the bankruptcy (it wasn't that much money). My undergrad was in business, but after graduation I went another direction in my career. My current career is OK for now, but I can't consider it for the long run. I'm just wondering if the MBA would be worth it, or am I doomed in the business world? Would companies take into account the fact that it has been many years since the bankruptcy? What do you guys think?

Dont br's drop off after 7 years?
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Thanks for the reply. I've heard different things from different sources. One place says that if you are running a credit check for a job with a salary over $20,000, the BR will show up now matter how old it is. Another place says that after the BR is discharged (10 years) it totally disappears and won't show up on any credit check. Another place says that most companies that do credit checks only check the past 7 years, so if the BR is older than that it won't matter.

I don't know what to believe...Anyone here have any first hand experience with this? Will there be a glass ceiling if I go into Finance, or will employers take into account the BR is very old and teenagers can be retarded sometimes?

Just to add to this discussion,

could it be easier for you if you were recruited overseas from where you are. Will this give you a fresh start on your credit books in the new country?