Jonathan got divorced in 2007 and subsequently had severe financial problems. In 2009, he filed for bankruptcy. After getting back on his feet, he graduated from college and got a job selling life insurance for a large national insurer. In July 2012, he completed all of the requirements for the CFP designation. In August of 2012, he made his application to the CFP Board for licensing. Which of the following is correct under the Board's revised policy regarding bankruptcy?

		Jonathan s bankruptcy falls on the presumed unacceptable list because it is within five years preceding his application. He will be denied the right to use the marks unless he files a successful consideration request with the CFP Board.
		Jonathan s bankruptcy falls on the always bar list because it is within five years preceding his application. He will be denied the right to use the marks.
		Jonathan s bankruptcy is no longer a concern of the CFP Board as long as he discloses it in writing to all potential clients for the five-year period following the bankruptcy.
		Jonathan s bankruptcy will not prevent him from becoming a CFP professional, but it will be disclosed on the CFP professional's public profile displayed on the CFP Board s website for 10 years.