Case: Individual Employment Rights/Bankruptcy (D. Or.)

Dec. 26, 2019, 6:40 PM

A personal banker for Wells Fargo Bank, N.A.—who filed for bankruptcy and was subject to federal loan originator qualifications that require that he meet certain standards for financial responsibility—failed to raise a factual question as to whether the termination of his employment violated 11 U.S.C. § 525, which prohibits the discharge of an employee solely because of his bankruptcy, insolvency, or failure to pay dischargeable debt. The bank provided a wealth of evidence showing that the committee that investigated the banker considered multiple factors involving his financial fitness—including his $30,000 debt to Verizon and his failure to explain why his ...

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