Hi, if I go bankrupt would I still be able to claim tax credits and housing benefit? Also would my employer and landlord be informed that I'm bankrupt?
You will still be able to claim tax and housing benefit - bankrutpcy has no effect on those as far as I am aware.
It depends on what your employment is at to whether you will be affected or not. You will receive a nil tax code for the rest of the financial year so your payroll department may realise what is happening.
I would check either via your intranet system, check with your contract of employment or make an anonymous phone call to your HR department.
Some tenancy agreements have clauses to say you cannot hold a tenancy as an un-discharged bankrupt.
I do not think though that many landlords are likely to look at this retrospectively.
If your rent is up to date and covered by Housing Benefit, I am sure you will be fine.
If your landlord/agent do say anything post in here and someone will give you advice
As to employment - as kallis3 has said your tax code will change and there are a number of reasons for a NT code as far as I am aware. In the event of there being any clause within your employment contract about BR, then you may have to disclose it - otherwise I doubt if you will have a problem
As kalllis3 has said, make an anon call to your HR people to see if they have a view about employing a BR person
Hi, if I go bankrupt
Posted - 29 August 2009 : 20:30:24
