If you are considering bankruptcy, one of your concerns may be whether you could lose your professional license. Fortunately, the Bankruptcy Code prohibits governmental unit from denying, revoking, or suspending your professional license because you filed bankruptcy.
Bankruptcy Code Section 525(a) states,
[A] governmental unit may not deny, revoke, suspend, or refuse to renew a license, permit, charter, franchise, or other similar grant to, condition such a grant to, discriminate with respect to such a grant against, deny employment to, terminate the employment of, or discriminate with respect to employment against, a person that is or has been a debtor under this title or a bankrupt or a debtor under the Bankruptcy Act, or another person with whom such bankrupt or debtor has been associated, solely because such bankrupt or debtor is or has been a debtor under this title or a bankrupt or debtor under the Bankruptcy Act, has been insolvent before the commencement of the case under this title, or during the case but before the debtor is granted or denied a discharge, or has not paid a debt that is dischargeable in the case under this title or that was discharged under the Bankruptcy Act.
What that means is that your professional license can’t be taken away simply because you filed bankruptcy. However, if you are caught lying about something in your bankruptcy case, it could mean that your professional license will be affected.
If you believe your professional license has been affected by bankruptcy, you should talk to an attorney right away.