New Job and IVA

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Anthony.01

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Post by Anthony.01 » Tue Nov 18, 2014 9:32 am
Hi all,

Quick question, I have completed my IVA last month and have been lucky enough to be offered a new job.

The new contract states however that they will be entitled to terminate my agreement ''if the employee commits an act of bankruptcy or makes an arrangement with his creditors generally''

Is this future tense or could they sack me if they found out I had previously completed an IVA (it was a lump sum and will still be on my credit file).

I have not been asked to state whether or not I have ever been in one and don't want to flag it up obviously.

What is everyone's thoughts?
 
 

plasticdaft

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Post by plasticdaft » Tue Nov 18, 2014 11:07 am
The question is worded for future events. Yours is historic. Good luck.

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

Michael Peoples

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Post by Michael Peoples » Tue Nov 18, 2014 11:25 am
I agree with Paul but you should also notify your IP and get them to close the file ASAP and remove your name from the register. They should prioritise the case given the circumstances.
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
 
 

Anthony.01

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Post by Anthony.01 » Tue Nov 18, 2014 11:34 am
Thanks for the replies.

Ref Michael, the file is closed and I checked the IVA register and my name is now off it.

Just wondering what difference that would make anyway as I have my cert and it is completed?
 
 

Foggy

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Post by Foggy » Tue Nov 18, 2014 11:40 am
Shouldn't be an issue -- the wording implies that these acts will only impact if they occur during the time of employment.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Michael Peoples

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Post by Michael Peoples » Tue Nov 18, 2014 12:05 pm
I just think it would be better if they never knew as they must have some form of policy against IVAs. I am glad all is closed just in case.
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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