| Author |
 Topic  |
|
|
d-ft
Starting Member
2 Posts |
 Posted - 13 September 2009 : 15:21:26
|
| i am a civil servant workjing for the ministry of justice will abnkruptcy affect my employment, do i have to tell my empoloyer |
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 13 September 2009 : 16:16:03
|
Hi and welcome.
You will need to check your contract of employment very carefully. If you are in any doubt whether your employment would be affected then you will need to check with your OR department, anonymously if you wish.
If your employment won't be affected you won't need to tell your employer (unless your contract states that you should). However the chances are you will get a Nil Tax Code - your tax code will be changed for the remainder of the tax year that you're made BR and the tax will be collected by the OR.
Your employer may pick up on this, but there are other reasons a tax code can change.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
26 IPA payments made, 10 to go - on the home straight! |
 |
|
|
Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 13 September 2009 : 17:55:56
|
Hi
I know that some areas of the civil service are not pro BR people as a new employee (I know that as I was recently looking at a senior position and it said it had to be declared). In the end I did not apply.
As skippy13 has said, look at your contract of employment. If there is an express clause, then you had better tell them or you could be in breach of contract. If there is nothing then you do not have to tell them.Your tax code will change, but again, that can be for a number of reasons.
You could make an anonymous call to the HR section.
Whatever happens, I wish you well, Richard
"There are no problems - only solutions..." |
|
|
|
Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 13 September 2009 : 19:31:54
|
Sometimes people wishing to keep the information private from an employer will go Br in February so there is no time to change the tax code.
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
|
|
|
bang up
New Member
58 Posts |
Posted - 17 September 2009 : 21:07:08
|
hi d-ft,
if it helps i'm in the prison service and went bankrupt last year.
i didn't have any problems in respect of the moj or prison service.
take a look at the latest edition of our code of conduct (available on the intranet) - it says something like finance should be conducted in a moral and responsible way and since bankruptcy is both legal and involves taking responsibility then you'd be doing exactly what they expect of you.
at the time (as required) i did inform the governor of my bankruptcy, pointed him in the direction of our code of conduct when he started to ask me questions then told him to sod off and respect my privacy in the matter. i never heard anything about it again from the prison service.
and today - well life is just so much better than before so my advice would be to go for it but be prepared for an ipa though.
good luck
|
|
|
|
jmjs1986
Starting Member
34 Posts |
Posted - 21 September 2009 : 11:16:27
|
| I too work for the civil service (Home Office) i have been told to provide a report on my circumstances and how they have come about. But i have been assured that my job is safe, i was told its better to tell your employer than not. |
|
|
|
Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 21 September 2009 : 13:46:59
|
During my long time with the Insolvency Service we even had staff who went bankrupt - the admin on the file was done by another office each time for the individuals concerned, but it was never an issue with their employment - speak to your HR section (anon if you wish) just to clarify, but i do not see it as a problem
Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
|
|
|
|
d-ft
Starting Member
2 Posts |
Posted - 07 February 2010 : 10:44:32
|
i have not yet taken the step to bankruptcy (didn't have the £500+ to make myself bankrupt) but i have sought advice from a charitable organisation and they have taken all the details of income expenditure etc and said that they would advise me of the best course of action.The paperwork has been sent to an insolevency practitioner and they have sent me some papers to sign which is a proposal for an iva, they are also coming to see me. This states that i will need to make payments for 60 months (if 75% of creditors agree to the iva)and their cost is £2800, which will be taken from the payments i make.
This seems to me like a hell of a lot of money to be paying out when i could get rid of all the debt and stress by going bankrupt which could be clear in a year.
What does anybody think?
|
|
|
|
debtinfo
forum expert
2826 Posts |
Posted - 07 February 2010 : 11:01:13
|
| I think that it is your choice in the end, make sure you know all pro's and cons for both, dont let anybody push you either way, they are just their to give advice not make the decision for you |
|
|
|
Daniel Griffiths
Junior Member
United Kingdom
268 Posts |
Posted - 07 February 2010 : 17:59:33
|
Hello DF-T
Being advised of the best course of action is not signing an IVA proposal before you weigh up all the solutions. I would first contact the charity to enquire why they think an IVA is best for you, and why are they passing on your details to an organistaion who presume you will sign papers sent to in the post. |
|
|
|
chester2005
Average Member
United Kingdom
786 Posts |
Posted - 08 February 2010 : 04:02:02
|
i would suggest that you speak with an insolvency expert that deals with not only IVAs but other forms of debt solutions the ones that post on this forum come highly recommended Paul Johns from RevivaUK www.revivauk.com and melanie from jonesgiles www.jonesgiles.co.uk
either of them will give fre telephone advice and point you in the best direction for you not the one that makes the most money for the company
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!! |
|
|
|
gettingoutofdebt
forum expert
2418 Posts |
Posted - 08 February 2010 : 07:33:37
|
| You should think very carefully before deciding how to resolve your debt issues. Speak to the companies that Chester has mentioned but even if they advise one option it won't necessarily stop you from following another. I was advised to enter into an IVA but after weighing up the pros and cons I decided to declare BR and don't regret it one bit. |
|
|
| |
Topic |
|
i am a civil servant
