www.iva.co.uk

Considering an IVA but was wondering how it would affect employment at a later date. May have missed this in my search for info so apologies if this has been covered.
The rason I am reluctant to go bankrupt is because I have done book keeping and touched on accountancy at college and although I don't work in this field I may consider it when the kids are old enough for me to work full time so just wondered if an IVA would have the same impact as bankruptcy?

Hi Ren,

I work for an accountancy firm and each year we are required to fill out an annual declaration which includes a question about whether you have a formal arrangement with creditors (or have had in the last 5 yrs). The first time I saw it I panicked and wondered if I was putting my job on the line by telling them about the IVA but every year I declare it and no-one has ever raised it as an issue. Hope that puts your mind at rest x[:)]

Ask your HR department about whether this constitutes any form of employment problem for you. If not, I would proceed in the right manner for your present and future. A chat with an insolvency practitioner ought to be able to help you understand the options and decide the best way forward for the future.

Thanks for the info both of you. Much appreciated