disclosure of IVA

[cat 1]

..just started a new job at same place I have worked for years.Now have 3 million budget responsibility,Have signed all discloures- they only refered to criminal activity.Enhanced CRB all ok.I'm a nurse.Nothing on the NMC ( governing body) website about IVA/Bankrupcy declaration.Yet I'm still terrified of being found out.Daren't tell anyone else.I do not legally have to declare anything do I? Sitting with accountants in meetings this week has made me worry more. Even though 'I' have this budget.It's not 'real' money.I never see it and can't spend £10 without running it by an accountant.Don't have cheque books or anything like that.No chance of abuse.Plus I'm not dishonest.Skint but honest.Oh Lordy...What a tangled web...

[jane.l]

my hubby is the same, he worries terribly, he was bankrupt, now discharged, he is a manager and has control of a large budget, his employers do not know about the bankrutcy but he says he feels really uncomfortable about it all!

[Julie]

I think we'd be surprised how many others are in the same position...if only facing up to debt wasn't such a taboo subject.

When hubby first entered IVA we didn't tell anyone, it was like our own sordid secret - but now he tells anyone and everyone. He works in Sainsbury's and I wouldn't be surpprised if Jamie Oliver mentions hubby's IVA in the next advert [:D]

" Don't have credit - taste the difference"[:D]
I have to admit I am more discreet.

[kallis3]

We've told no one of our problems. I can imagine what would be said at work, it wouldn't be nice.

This is why I like the FF meetings as you can talk about debt to your hearts content with people who know what you are going through.

[MelanieGiles]

Being in debt is nothing to be ashamed of - and it certainly does not make your ability to carry out your job properly. I always think that people who are or have been in debt make far better budgeters in the future, and it is very strange that some of the stigma still seems to be prevalent amongst many employers - largely through ignorance rather than commercial considerations.

[c.j]

I havent told anybody about our IVA except close family. I feel really embarrased by it. It is now 5 payments in and i still dont feel comfortable talking about it. I think thats why i am always on this forum. But my Hubby has let slp in conversation that people who he works with know all about our financial situtation. He didnt see the point of hiding it from anyone!! I could kill him, he might not but I certainly do.

[andrewgoodman121]

i have been in my IVA for a year nearly and even though it is Great to be accepted, it is all about maintaining those payments till the end of the term.
It is entirely up to each individual but it is Totally Private and Confidential and why would anybody want to tell there relatives there financial business anyway as i don't ask about there's.
I personally found it more harder hiding all the credit card statements and Red Letters before i went into the arrangement and now i don't have to so nobody is any the wiser.

[TheMatrix]

In a way I still have to hide those letters, the ones that come through from those vultures who prey on the insolvency register. So far I've managed to keep my IVA secret, telling NO ONE and hope no one ever does find out about it.

[kallis3]

I don't think there is anything wrong in telling people of your IVA if that is what you wish to do.

It can also relieve the stress of having to keep it to yourself if you have supportive relatives.

Some of my relatives know, some don't, but at least I can share things with my husband and on here.

[lulu27]

I am lucky because a close friend of mine entered her iva a week before me. We found out by accident because we were both changing banks at the same time. It is so nice having someone who understands. I only recently told my family and they have been very supportive. Iwouldn't want too many people to know. Which in a way is wrong there should be no shame in an IVA at least we are trying to be responsible and pay our debts.

[Skippy]

There's nothing wrong with telling people, the same as there's nothing wrong with keeping it to yourself, it's personal preference.

My family and friends knew about my IVA and my BR as I felt it was easier to tell them than to make excuses about why I couldn't do things. I couldn't have got through it without their support, but it was my choice to tell them and I'm glad I did.

[beresford]

I'm nearly 25 payments into my IVA. The only people who know about it or my mum, dad, brothers and sister. The thought of my employer knowing makes me feel sick to be honest. Earlier this year me and and my colleagues had to sign a declaration to confirm that we have no criminal record and are not bankrupt - due to us working in firm of financial advisers. I felt completely uncomfortable with having to sign that.

I know Melanie says that you shouldn't be ashamed of being in debt and I agree with her but it is, for me anyway, easier said than done. I would like to think that my employers would be supportive if they knew of my situation but at the sametime I could never see myself opening up to them about it. All and all I'm glad I went down the IVA route: it is ten times better than the prior situation I was in. I just wish I didn't feel I was keeping a big dirty secret from everyone.....

[kallis3]

There's always times I want to share with people I work with, some of the posts on here - then realise that I would be giving myself away.

Don't be uncomfortable about signing that form beresford - you're not bankrupt, you were telling the truth. I know what you mean though. My employers know nothing and I am hoping it stays that way.