Hmmm, well, as with many things in aircarrier flying, it 'depends'.
I know of a couple of companies that, all other things considered, might well bypass the guy (or gal) that declared bankruptcy, as somehow indicating that the individual is not responsible, hence not reasonable for employment.
No particular rational reason, just the way it sometimes is...
More advanced companies put these folks in the sim (or airplane) and see just how they can actually fly...much better idea, it seems to me.