Will BR affect future career?

Waspeze

Purplekylie22 wrote: »

To be an accountant you need to be CIMA, ACCA, AAT registered - correct? I know that those boards do not stop you from studying with them if you have been bankcrupt. I am planning on doing CIMA myself. Working with accounts will be tricky - some employers will instanlty refuse you on the grounds that you are banckrupt, others will maybe ask you about it and if they are happy will consider you the same as every one else. There are always certain roles that you can not do. BUT no - being bankcurpt doesnt mean you cant be an account. You may have to work in a different sector than you had originally hoped to though.

Thanks Purplekylie!

That was something I didn't realise when I went BR.. just assumed I wouldn't be able to study CIMA but taken from the CIMA website!

Bankruptcy guidance

Under Council Regulation 13 a member or registered student is required to notify CIMA if they are made bankrupt and to keep us informed of progress (preferably in writing). Under normal circumstances (that is, if no blame attaches to you and a complaint is not being made about you by anyone) this should be the end of the story as far as CIMA is concerned. Bankruptcy should not affect your registration as a member or registered student.

The Government Insolvency Service says:
‘Bankruptcy is a serious matter. You will have to give up any possessions of value and your interest in your home. It will almost certainly involve the closure of any business you run and the dismissal of your employees. Bankruptcy will also impose certain restrictions on you. You do not have to become bankrupt just because you are in debt. Look at the alternatives to bankruptcy as soon as possible in case they are more suitable in your situation.’

http://www1.cimaglobal.com/cps/rde/xchg/SID-0AE7C4D1-8A7B3BBB/live/root.xsl/12898.htm

Waspeze

Teach me to nip to the loo mid post .. you all got there first :D

Purplekylie22

Waspeze wrote: »

Teach me to nip to the loo mid post .. you all got there first :D

I know red beat me too whilest I was looking up a link for ACCA!

I have planned to do CIMA myself - so it was one of the firs things I checked - plus another member on here Richard - is great and knows everything so he told me that the rest are okay aswell!

Waspeze

I've always been more of a financial analyst rather than straight down the line accountant and am classified QBE (been working in various areas of accounts for 15 years) so when I went BR i didn't really feel that bothered about not being able to study but now I know I can i may well try and get that bit of paper :)

Thanks again Purplekylie and Red .. it's good to know the option is still there if I want it :beer:

peachyprice

Lacoste-kid wrote: »

d123

Do you not hink they are worried you may be easily bribed/ comprimise your integrity for financial gain if you have financial difficulties.

You wouldn't have financial difficulties once bankrupt, you'd have been far more likely to be susceptible to corruption before!

peachyprice

Apologies Lacoste Kid.

Although we do have a few serving police officers here who have no problems with bankrputcy.

d123

Lacoste-kid wrote: »

d123

I appreciate your comments and the links you provided, but i would like to add

Your first link says "You will not be "considered" untill you have been discharged for 3 years"


Your second link is slightly different as it is for already serving police officers and they would need to go through certain in house proceedures. Do you not think they are worried you may be easily bribed/ comprimise your integrity for financial gain if you have financial difficulties.


Your third link says " It is "unlikely" you will be appointed if you are an undischarged bankrupt.

The operative words being considered & unlikely, and you are kidding yourself if you think you will get the job with BR on your records. Just like the FSA who say something similar on there application process, it is to get you to own up to the CCJ, BR or criminal conviction and then they will have some other "reason" that you was not successful.

Lacoste-kid

Unfortunately, all this is irrelevant to what I said, I was answering your post which stated

Lacoste-kid wrote: »

As far as i know it would prevent you becoming
1) Police officer
2) Accountant
3) Regulated role with FSA (IFA, Mortgage Broker, Director of this type of company) also known as an approved person
4) Magistrate

Which was not correct, I included the links as verification that bankruptcy is not a bar to becoming a police officer or a magistrate. I actually do know of an ex-bankrupt who has successfully applied to become a police officer, and with regards the "unlikely" point of becoming a magistrate, that actually applies to an undischarged bankrupt.. Once discharged, the person has just as much chance of being appointed as anyone else.

fiveyearplan

I think this whole thread proves that it is a big gray area. I think in reality there are very few jobs one cannot do as a bankrupt.

Rainbow_Butterfly

Thanks all for your input! :beer: xx