Hi. Are any others in this forum teachers or school staff ?

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rudolph28

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Post by rudolph28 » Mon Oct 20, 2014 8:24 pm
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Hi.
Are any others in this forum teachers or school staff and do they inform HR that they are entering into an IVA. Would it not compromise your professionalism if a parent or colleague saw you on the insolvency register. Not sure whether this is the route because of this. Any advice please
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Shining

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Post by Shining » Mon Oct 20, 2014 8:56 pm
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I've recently stopped teaching at the end of the last academic year and never once told HR, I checked my contract of employment and it wasn't written in there at all.

My IVA concluded successfully and nobody was any the wiser.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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plasticdaft

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Post by plasticdaft » Mon Oct 20, 2014 9:07 pm
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I'm not sure an iva could be seen to compromise your professionalism as a teacher.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Dougie

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Post by Dougie » Mon Oct 20, 2014 9:42 pm
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My wife teaches, never an issue, never said anything nor were we obliged to do so
IVA Accepted - Sep 2009
F&F Accepted - Oct 2014
CC Received - Jul 2015
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wiggle1

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Post by wiggle1 » Mon Oct 20, 2014 11:15 pm
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I'm a teacher, never told anyone about the iva.
Life after IVA is wonderful.
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Michael Peoples

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Post by Michael Peoples » Tue Oct 21, 2014 9:26 am
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We have a number of teachers in IVAs and have never heard of any problems. Many teachers have also gone bankrupt with no adverse problems.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Steve Rees

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Post by Steve Rees » Tue Oct 21, 2014 10:22 am
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Its not uncommon for teachers to enter IVAs, but its worth checking your employment contract to be sure.
Steve Rees - A spokesperson for IVA.co.uk and Director at Vincent Bond & Co.

Want to share your story? Highlighting the issues facing people in debt is often a story that the media want to hear about. iva.co.uk will pay up to £500 for a successful case study - if you are interested please email steve.rees@iva.co.uk for more details.

You can visit my blog at http://blog.vincentbond.com/
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seagulls

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Post by seagulls » Wed Oct 22, 2014 9:03 pm
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I'm a teacher and have never told anyone at work or HR.
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