No you don't. Mine have not idea at all that I am in an IVA.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It may be worth checking your contract and employee handbook to be sure. When I worked for a bank, they brought in a policy about disclosing any compromise agreements. I believe that's fairly standard across financial services. So there may be other examples too where sectors, job roles or individual companies require disclosure of an impaired financial status.
Agree that it does depend upon where you work - I'm public sector, my contract doesn't stipulate that I should tell my employer and, almost four years in, they stil don't know and that's the way I intend it to stay.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I'm public sector too, can't say I recall anything in my contract, and employee handbook? not sure I've ever seen one of those! although working for a large NHS Trust they have over a zillion policies for things you can't even begin to imagine so might have to have a look myself.
Although, the current status is, work don't know and I have no intention of them knowing if I can help it
I've just never informed my employer and, so far, they've not found out and I have every intention that they won't.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Broke of London
It may be worth checking your contract and employee handbook to be sure. When I worked for a bank, they brought in a policy about disclosing any compromise agreements. I believe that's fairly standard across financial services. So there may be other examples too where sectors, job roles or individual companies require disclosure of an impaired financial status.
Yes indeed there used to be a bankruptcy clause in the employment contract that if you ever went bankrupt then your employment would be terminated.
They did a credit search on joining the bank too, and they could run a check on you at anytime during your employment. All in the T&C's you sign on joining.
Not sure what it said about IVA's though, probably the same would apply.
I left banking though long before I went into a IVA and my current employer does not know anything about my past IVA, unless they check the insolvency register at somepoint but I some how doubt it. I stopped short of applying for a role which required a "background check" a few weeks back cause they know nothing and I'd like to keep it that way.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
