will my employment status be affected

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sjl

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Post by sjl » Fri Feb 08, 2008 7:30 pm
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will my employment status be affected if I take out an IVA? I work in insurance in the UK. I am on a fixed salary (ie not on commission) and deal with calls from customers and issue guarantees of payments for their upcoming medical treatment. I do not carry out any banking transactions in my job.
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carlmcmullen

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Post by carlmcmullen » Fri Feb 08, 2008 8:10 pm
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I would suggest NO your employment will not be affected in your line of work.

However i would ALWAYS advise my clients just to have a wuick read of there employment contract to be on the safe side.
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MelanieGiles

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Post by MelanieGiles » Sat Feb 09, 2008 6:06 pm
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Insurance companies are renowned to have termination clauses upon entering either bankruptcy or compositions with creditors, so I would say it is essential to check your terms and conditions of employment.
Regards, Melanie Giles, Insolvency Practitioner
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