Bankruptcy and my (potential) job

[paulgm_2000]

Hello everyone,

I have posted recently to say that I will soon be petitioning my
own bankruptcy after being in an IVA for two years. My IVA has come
to an end too.

I have recently folded my limited company but have been applying
for full time jobs.

My questions are:

1. The job I have applying for (and may well get) is the Practice
Manager at a Medical Centre. Am I allowed to work in this role as
a Bankrupt person? and would i have to tell my employers?

2. I am also having difficulting getting a final total from one of
my creditors. They have not responded despite numerous attempts on
the phone and letters. Can I just guess the amount I owe them on
the Bankruptcy forms? They are a equipment leasing company for my
old business that I was a personal guarantor on.

3. I will be paid a fairly hefty wage if I get the job and would no
doubt be subject to an IPA/IPO. Would it be legal for me to 'defer'
part of my wage until the bankruptcy is over to avoid the IPA?

Many thanks for your help.

[kallis3]

Hi,

Were there any questions regarding financial stuff on the application form? If not then you may be ok.

Perhaps make an anonymous call to their HR department just to clarify?

I don't see why you can't work in this role personally.

I have no idea about the BR forms, sorry.

I don't think you would be able to defer your wages. An IPA would last for three years and you would be much better off than when you were in an IVA.

Hopefully one of the experts will be along to help later.

[paulgm_2000]

Hi Kallis3,

Thanks for the quick reply!

My question about whether I'm allowed to work in that position
was more from the angle of......under bankruptcy law am I allowed
to manage a company? Although I would not be a director of the
company(Medical Centre) I would be managing almost every aspect of
the company.

Thanks!

[kallis3]

Hi Paul,

I have no idea about your potential new job. Hopefully one of the professionals will reply on this later. I do hope it does work out for you.

[Michael Peoples]

You can be a manager while bankrupt so there is nothing to worry about there. Your IPA/IPO would be based on your contract of employment so deferring payments until afterwards would not really be an option.

[Julie]

You can definitely be a Manager if you are BR - just depends on nthe industry. There shouldn't be a problem in a medical centre, but check your terms & conditions of employment.

Good luck xx