receiving a Security Clearance with bad credit, is that possible?

I need to obtain a security clearance for a new job. I don't have a criminal background, but bad credit, due to my business falling apart. I need to file bankruptcy. Am I better of filling bankruptcy prior to applying for a security clearance or afterwards? I know both things are bad for getting a security clearance, but which one is worse?

Asked By: - 10/20/2010
Best Answer - Chosen by Asker
Yes, it's possible. A business failure is not in itself indicative of irresponsibility, and a bankruptcy shows that you are handling your debts the legal way. I am not a clearance adjudicator, but I suspect they'd be more concerned with someone who has a high debt load and hasn't filed bankruptcy--how is he going to... More
Answered By: Chris A - 10/20/2010
Additional Answers (1)
Unpaid debt is worse ,,, As far as getting a clearance after filing, that would depend on the company you are applying with .. You may wanna' check their policy on that ... .
Answered By: drive_55_not - 10/20/2010
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