Can I lose my broker’s license, driver’s license or any other government license solely because I filed for bankruptcy?

The answer is NO. You cannot lose your license (any of them) “solely” for filing for bankruptcy because of the protections under 11 U.S. Code § 525 (“Protection against discriminatory treatment”), subdivision (a): “a governmental unit may not deny, revoke, suspend, or refuse to renew a license, permit, charter, franchise,
or other similar grant…”

CAVEAT: The operative word here is “SOLELY.” Meaning, if there are legitimate reasons for revoking your license (ignoring the bankruptcy issue), the mere fact that you filed for bankruptcy will not protect you.


Disclaimer: The Law Offices of Michael E. Zapin is a debt relief agency and we help our clients file for bankruptcy relief.

The materials and discussions on this website are for informational purposes only and not intended to be legal advice to you. Most of the information on this website is based on Florida law. Laws are not static, they are fluid. Legislatures periodically change dollar values in laws relevant to bankruptcy. Though we strive to remain current on the law, always check primary sources for the most recent values or developments.  Laws in your home state may vary. Contact a competent local professional for actual legal advice or ask us for a referral.