Bankruptcy And Getting Into Trucking

Topic 17639 | Page 1

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Cassandra R.'s Comment
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I am about to owe over $20,000 in bills after my car gets repossessed. I have no money now because I lost my job when my car broke down. It was a lemon it has been having problems within a month of Feb 2016. Next month after taxes I plan on filing bankruptcy. I am 24 years old about to turn 25. I have a few close friends, one who owns 10 trucks and I have been on the road with a trucker for about 2 years, so I know what I am getting into the lifestyle and all. I just wanted to know after I file bankruptcy will it be a problem getting a cdl or getting into the industry with that on my record?

CDL:

Commercial Driver's License (CDL)

A CDL is required to drive any of the following vehicles:

  • Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
  • Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
  • Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
  • Any vehicle required by federal regulations to be placarded while transporting hazardous materials.
Brett Aquila's Comment
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Welcome Cassandra!

No, a bankruptcy should have no effect on whether or not you can get into trucking. We've heard of some companies that will request a credit check but that's only to try to get a better picture of who the person is and to make sure nothing interesting was missed on their background checks. I can not imagine a company deciding not to hire you because of a personal bankruptcy. It could happen, I guess, but overall you'll have no problem with it.

Cassandra R.'s Comment
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Welcome Cassandra!

No, a bankruptcy should have no effect on whether or not you can get into trucking. We've heard of some companies that will request a credit check but that's only to try to get a better picture of who the person is and to make sure nothing interesting was missed on their background checks. I can not imagine a company deciding not to hire you because of a personal bankruptcy. It could happen, I guess, but overall you'll have no problem with it.

Thank you , Brett! I am researching trucking schools so after next month I can go ahead and get enrolled. The closet one I see is Truck Driver Institute in Milton,Fl and I live in Defuniak Springs.

Patrick R.'s Comment
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Great question Cassandra, I had the same question when I first started looking into Driving a lot more, being 27 years old and having somewhat poor credit I was slightly worried when I heard about credit checks, seems like it isn't a factor that will disqualify you from the industry.

Wish you the best of luck! I know what its like to have life throw you a sucker punch.

Rainy D.'s Comment
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If you need to file bankruptcy a company sponsored program might be better for you so you are not adding to your debt.

Company-Sponsored Training Programs

Company-sponsored Training:

A Company-Sponsored Training Program is a school that is owned and operated by a trucking company.

The schooling often requires little or no money up front. Instead of paying up-front tuition you will sign an agreement to work for the company for a specified amount of time after graduation, usually around a year, at a slightly lower rate of pay in order to pay for the training.

If you choose to quit working for the company before your year is up, they will normally require you to pay back a prorated amount of money for the schooling. The amount you pay back will be comparable to what you would have paid if you went to an independently owned school.

Company-sponsored training can be an excellent way to get your career underway if you can't afford the tuition up front for private schooling.

Steve L.'s Comment
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I graduated from TDI Milton and it was fine for me. But given your financial situation I would only recommend it if you're going under a state-paid grant or other fully funded program. Otherwise you're getting right back into unsecured debt.

Good luck!

Chad C.'s Comment
member avatar

I had to file bankruptcy between my first driving job and the second company (I was in the process of filing while I was with the first company) and I got denied by only one of the companies out of the 20 or more I applied for so I think you'll be fine. Good luck!!!

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