I work for an insurance company who are FSA, will I get the sack if I take out an IVA ?

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Vicky.g

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Post by Vicky.g » Wed Nov 12, 2014 9:50 pm
I work for a insurance company who are FSA, will I get the sack if I take our an IVA?
 
 

Foggy

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Post by Foggy » Wed Nov 12, 2014 10:22 pm
Hi Vicky there are many financial sector workers in IVA's, but this will depend upon your own employment terms and conditions.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Vicky.g

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Post by Vicky.g » Thu Nov 13, 2014 10:18 am
I know in my contract it mentions financial difficulty, so I'm worried about even asking about it, bringing attention to it, I haven't taken an IVA yet but I need too, I'm not sure what's for the best, if I ask and I'm not allowed one, I'm truly stuck, in a worse mess than I am now. More worried than before.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Foggy

Hi Vicky there are many financial sector workers in IVA's, but this will depend upon your own employment terms and conditions.
 
 

Michael Peoples

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Post by Michael Peoples » Thu Nov 13, 2014 12:53 pm
You could contact the FSA on a no names basis. Plenty of financial advisers have entered IVAs but it has caused problems for some independents. If possible ring HR and have a word with them as something is going to give in the near future.
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
 
 

JJSIDE

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Post by JJSIDE » Thu Nov 13, 2014 12:56 pm
hmm - I guess you are stuck between a rock and a hard place. It does depend on what you contract says - but I would be very surprised if taking out an IVA would mean you would lose your job. It also depends very much on your job role and if that role involves making decisions about lending money or giving credit. It might be hard, but maybe talking to HR and explaining you are experiencing financial difficulty might just be the right thing to do?
Last edited by JJSIDE on Thu Nov 13, 2014 12:57 pm, edited 1 time in total.
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hubert

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Post by hubert » Thu Nov 13, 2014 5:13 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Vicky.g

I work for a insurance company who are FSA, will I get the sack if I take our an IVA?
Do you think they would find out?

What does your contract actually state?
One pay-cheque away from oblivion!
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