When you choose bankruptcy as an option at any period in your life, it can have a serious and costly effect on your job or business. When you are operating a business, there are specific restrictions that need to be followed. In some careers or professions, there is a bar against filing for bankruptcy. In fact, there are some employers that won’t hire you for that reason. So, before you decide to file bankruptcy, it is important to be aware of its impact on your business and job.