Bankruptcy Impact On Agent!

by Chris Bantly » Sun Jun 14, 2009 07:01 pm

One of my agents came to me very upset the other day and said that he was being forced into bankruptcy. Although I didn't want to pry too much, I did need to understand why and I must say that it legitimately is out of his control. He is going through a divorce and his wife has filed for bankruptcy. Being that most of their debts are joint, his only other option is to take all the debt upon himself which would be financial suicide.

That being said, he is concerned about losing his license. I explained that you cannot be discriminated against for declaring bankruptcy. He was then worried about losing all of his contracts and that his appointments would all terminate him! I honestly can say that I have no idea whether this could happen to him or not!

I realize that it is very hard for someone with horrendous credit to obtain appointments with reputable companies, but at the same time...he has already shown that he is a good producer and has had an impeccable record! With the economic problems people are having, do you think the companies are going to be a little more lax on their requirements? Do you think he has anything to worry about?

Total Comments: 43

Posted: Thu Dec 18, 2014 04:50 pm Post Subject: New insurance license

Hello, i just got a license and got a job offer from Allstate agency, they require to fax my credit report before I am officially hired. I am so worry since I have bad credit due to financial hardships in the pass and still issue me today.
I don't know what should I do now, can I still fax my credit report since I know they will find out about my credit history and take back their job offered ?

Posted: Thu Dec 18, 2014 04:50 pm Post Subject: New insurance license

Hello, i just got a license and got a job offer from Allstate agency, they require to fax my credit report before I am officially hired. I am so worry since I have bad credit due to financial hardships in the pass and still issue me today.
I don't know what should I do now, can I still fax my credit report since I know they will find out about my credit history and take back their job offered ?

Posted: Fri Dec 19, 2014 01:53 pm Post Subject:

Bad credit, good credit, no credit. You don't have to send them a copy of your credit report, they already have access to it if they have your Social Security Number. But if your credit history determines whether you get a "job" or not, then you have to live with whatever credit history you have and the consequences of your past.

What will happen if you don't give them the information they ask for? No job offer.

Posted: Thu Sep 17, 2015 10:18 pm Post Subject: FL Insurance License

Can someone obtain a FL Insurance license if they were barred from the NASD less than 10 years ago for misappropriating client funds to pay personal gambling debts?

Posted: Mon May 09, 2016 08:38 am Post Subject: Bankruptcy

My wife and I have two different companies that deal in real estate and construction, plus I am an insurance agent with a Series 6 and 63. Our two company have been struggling for the last 4 years due to a corrupt contractor. We have tried to work our way out of it but 2015 took even a bigger toll on us with no houses selling. We are now over our heads in debt and am running out of options. We are like most, personally guarenteed on those debts that our in our company name. I know that if we file on the companies we will also have to file personally. Will and could I lose my license's with my insurance company?

Posted: Fri Jan 20, 2017 06:46 pm Post Subject: Is this blog still in operation?

I have a prior chapter 13 approx 5 years old...will this harm me trying to get an appointment from underwriter?

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Canadians skate past Russians in kind hockey

WEST VALLEY CITY Canadian goaltender Sami Jo Small missed a great availability Wednesday to catch up on her reading.

Or she would have sat in the E Center stands with a hot dog and a Coke and cheered on her teammates. heck, She could've skated on the forward line and maybe scored a limited goals.

Because her defensive minded teammates played so well ahead of her, Small just wasn't required in Canada's preliminary round women's hockey victory over Russia.

Small could've taken a nap in the aim of crease, Saving her energy for remedy for paralysis Feb. 21 gold medal showdown with land. keep in mind, She may possibly been awakened repeatedly by the E Center horn. It sounded seven times as top seeded Canada (2 0) Won by a 7 0 margin for the second in the upright position game.

russian federation (0 2) persevered just six shots on goal, So even if Small had looked at ski jumping instead of tending goal, Canada would've won 7 6.

"We played really defensively. We spent a considerable amount of time, Especially in the first part of the game, in the (bad) region, Said europe coach Daniele Sauvageau, Whose team now is headed to the medal round.

Irina Gashennikova thought they would not leave. The euro goalie faced a total of 60 shots, And not every one of her 53 saves were made with her glove, deposit or pads.

"I kind of got seemed to it, She insisted after surviving the barrage of flying pucks from what has been the best women's hockey team on the for the past three years. "Now I just start feeling all this pain and I have a small a headache. Tomorrow will likely to be fine,

in the mean time, Canada is trying to focus on the task at hand and not look too much at Feb. 21. Do not fall into the finals.

"We can't take any team as a given. Women's hockey is getting so much better day-to-day, every game, Canadian Cherie Piper, Whose second effort goal gave Canada a 4 0 lead, Said of the competition. Since sanctioned essential play began in 1990.

Russia didn't start playing women's hockey until 1994 and is in the Olympics at last. Only about 200 Russian women play low hockey, in comparison to about 50,000 in north america.

"We very much regret that it was only this year that our team had access to quality training facilities and health and fitness. We only started training with a thorough group of players beginning last August, Said euro coach Viachevslav Dolgushin. "I think we are behind Canada by one year one year of decide the financial training russian ladies that we ran this year,

minimum, Who was the emergency goaltender at the Nagano Games but wasn't able to witness action, Spent the last four years finding your way through her Olympic debut. And she wasn't agitated, Despite hardly job up a sweat.

"You only get the game puck as a goaltender along with a the shutout and I got the shutout so I got the game puck, She beamed next. "Watching as sort of a tourist last time and also becoming to be on the ice this time, the msrp was real nice,

Better than making up ground on her reading.

SWEDEN 7, KAZAKHSTAN 0: collage of Minnesota Duluth forward Erika Holst scored a pair of goals and assisted twice as the fourth seeded Swedes (2 0) Secured a spot in the medal round by beating eighth seeded Kazakhstan (0 2) within Peaks Ice Arena. friday at The Peaks. A loss then could place the Swedes into a semifinal match against gold medal favorite Team USA on Tuesday.

imminent GAMES: united states can claim a spot in the medal round with a win over China Thursday afternoon.

Friday, Only one women's hockey game is reserved. Fifth seeded russian federation (0 2) will on eighth seeded Kazakhstan (0 2) In the very last game of the preliminary round for both teams. Russia defeated Kazakhstan 8 2 last year on the way to a surprising third place finish on this planet tournament.

its Russians, Who came into the Olympics hoping for a bronze medal, Lost 3 2 to Sweden on Monday and 7 0 to Canada on Wednesday to fall out of medal rivalry. The best they can do now were of course fifth place.

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