These Two Job Search Websites Just Declared Bankruptcy

The cost of just about everything has skyrocketed in the past few years, which might make one think that this would mean plenty of people would be out on the job market, looking for higher-paying employment. But job hunters tend to focus on the sites that are the most popular, as they will have the most jobs posted and be the most efficient use of their time. Over the course of time, market leaders can be replaced by newer companies with business strategies better suited for the current market. Profits turn into losses, the company will amass debt, and eventually default on payments for lines of credit. This could lead to the company filing for bankruptcy, which is either the company’s demise or a chance to turn around the business. You can usually tell it is the former when a company files for chapter 7 bankruptcy, and the latter if the company declares chapter 11 bankruptcy.

Two industry leaders for online job searches, Career Builder + Monster, have recently filed for chapter 11 bankruptcy protection. This is telling of the economic conditions that led to this filing. Read on for more information about the Career Builder + Monster bankruptcy, and if you have questions about declaring a personal bankruptcy in Las Vegas, call 702-842-0700 for your free phone consultation with our firm.

Why Did Career Builder + Monster Declare Bankruptcy?

Many businesses have faced novel challenges since COVID-19 wreaked havoc on the international economy. Customers became less willing to pay for subscriptions then, leading revenue to drop for Career Builder + Monster. The two sites had already joined when they saw their profits fall despite being industry leaders founded in the 1990’s. Career Builder + Monster experienced another disruption when AI grew in popularity, causing the firm to eliminate some of its staff to keep up with its competition. In 2023, it showed signs of vulnerability by extending its first-lien loan maturity to 2026. By June 2024, the company reported only $6 million on its balance sheet. The firm’s stock reduced in value by 40% during 2024. This all culminated in the firm declaring chapter 11 bankruptcy in June 2025. The firm is piecing apart the separate parts of its businesses and selling them to different investors, all the while seeking debtor-in-possession financing to keep the company afloat while the bankruptcy case is pending. The company expects to further reduce its workforce as part of the bankruptcy filing.

How Can I Declare Bankruptcy In Las Vegas?

A debtor should always confirm their eligibility before filing a petition for either chapter 7 or chapter 13 bankruptcy. A bankruptcy attorney can thoroughly review the debtor’s financial situation and make sure that their income meets the requirements and their assets will be protected under the chapter that they file. The debtor should complete all of the schedules in their petition, and clearly convey their financial situation by creating a household inventory and creditor mailing matrix. The debtor should complete their first debtor education course and attach the completion certificate with their petition. The debtor, or their attorney, will submit all of these documents, and the filing fee, to the clerk of the court.

Shortly after filing, the debtor should receive a notice from the trustee assigned to their case containing the information for their 341 Meeting of Creditors. While preparing for that hearing, the debtor should comply with all requests from their trustee. Creditors can appear at the hearing to ask questions and make objections regarding the case. After attending the hearing, the debtor should complete and file their second education course. From here, a chapter 7 debtor simply waits for discharge, while a chapter 13 debtor should begin making payments on their plan.

For many bankruptcy debtors, affording their bankruptcy costs up-front is one of the biggest barriers to filing. The filing fee for a chapter 13 bankruptcy case is $313. The filing fee for a chapter 7 bankruptcy case is $338. A bankruptcy debtor can typically expect their attorney’s fees to be higher than either of these amounts. And most bankruptcy debtors don’t typically have this type of cash on hand at filing due to juggling payments to their creditors. Attorney’s fees are among the debts that can be cleared when a debtor files for bankruptcy, so most attorneys require payment in full up front before filing a chapter 7 bankruptcy case on a client’s behalf. Chapter 13 attorney’s fees can be paid off in the debtor’s payment plan. So what is a chapter 7 bankruptcy debtor who needs the protections from the automatic stay to do? Here, a debtor may want to seek out bankruptcy counsel that offers post-filing payment plan options.

It requires some legal maneuvering for a chapter 7 bankruptcy debtor to be able to pay for their case after filing. Our firm is able to offer eligible clients post-filing payment plans by bifurcating their filings. This means the client’s case is filed as a skeleton petition first, with all work at this point technically being completed pro bono. At this point, the debtor can begin accruing debts once more. All work completed on the case from here can be paid in affordable installments, after the protections from the automatic stay have kicked in. At our firm, you will pay no interest for your 12-month post-filing bankruptcy payment plan. See if you qualify today by scheduling your free consultation at 702-842-0700.

Unemployed Or Underemployed In Las Vegas? Consider Bankruptcy To Clear Your Debts.

Because of the unique nature of Las Vegas, Nevada’s employment rate can be susceptible to rising and falling with the rest of the country’s economy, because when times are tight, less people travel here for business and tourism. With no end to the high cost of living in sight, Nevada’s unemployment rate has remained stable as compared to this same time last year. For both April of 2025 and 2024, the unemployment rate in Las Vegas is 5.5%. This is slightly higher than last month’s unemployment rate of 5.2%. If you’re one of the 68,274 unemployed individuals in Las Vegas, you may be relying on credit cards and other lines of credit to get by. If this is adding to preexisting debt, there may be little hope to pay it off, even when you do find a new job. These are the exact types of situations for which bankruptcy is made.

If you are filing for bankruptcy due to unemployment, there are a few considerations to keep in mind. Certain credit card spending may be ineligible for discharge through chapter 7 bankruptcy. A bankruptcy filing could show up on background checks for some jobs, especially if you work in the financial sector. You will also be disqualified for most types of home mortgages for 2 years after declaring bankruptcy. You can discuss all of the potential drawbacks of a bankruptcy filing, and if they outweigh bankruptcy’s massive benefits, with an experienced Las Vegas bankruptcy professional for free. We make the process of declaring bankruptcy as simple as possible by offering Zero Down payment options and free initial consultations by phone. Get started today by calling 702-842-0700. Don’t hesitate to contact us today!