What can you do or not do when bankrupt

cozza

When i go bankrupt in aug when i get my redundancy money from my job what can you do beinging bankrupt and what can you not do as well as what jobs will it effect me getting ? can i get some one from the cab to help me with the form ? cheers i would like some info thanks

Dez-Titute

Hi Cozza,

Lets get the timeline straight are you intending to go BR & then get made redundant or the other way round cos to be honest the advice you will get will vary depending on this.Please clarify.

Deep_In_Debt

Hi
All I know is that you can't get a job which is regulated by the FSA. I work in Financial Services and that's one reason why I can't go BR at the moment.

It's fine to ask the CAB to help too.

Sorry I can't help more.

Purplekylie22

If you work in financial services, dont worry too much, whilest you cant do a FSA regulated job - you can do many accounting jobs, including become an accountant ACCA, AAT and CIMA all accept bankcrupt students.

cozza

hi all I have been made redundant from my job which was a finance company and have been thinking about going br for quite a while now but had problem finding the money to do it but now i have got a small redundance pay (as I wasnt due any As Only Been at job for 1 yr but when they told us about it i only been there 11 months ) so what i get from that will go to pay for bankrupt

Dez-Titute

Thanx PK,
Not all jobs in the financial services sector will preclude you from gaining or maintaining employment.

DEz

Deep_In_Debt

Yep, sorry didn't make it clear. As others have said, you can work in Financial Services but not in a job regulated by the FSA was what I meant to say.

Dez-Titute

cozza wrote: »

hi all I have been made redundant from my job which was a finance company and have been thinking about going br for quite a while now but had problem finding the money to do it but now i have got a small redundance pay (as I wasnt due any As Only Been at job for 1 yr but when they told us about it i only been there 11 months ) so what i get from that will go to pay for bankrupt

Cozza,

Contact one or all of the following National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | local Citizens Advice Bureau.
Have you done your Statement of Affairs (income & expenditure) yet, without payments to debts? If you put this up on here then the someone here will be able give further guidance.

cozza

hi dez -titute
it was the cccs that said the only other option i have is to go bankrupt as i am just really struggling to make ends meet they tryed to do a dmp but i only had £13 let out of my money each wk to pay the people i owe depts to so i could only offer token payments each week so now with this redundancy i got to go on benefits till i get a job i have applyed for loads but it makes me sick when jobs just dont get back to ya but i dont let it get to me it just on of lifes hurdles

mummytofour

You can not be a school gov I believe.

LilyBart

Um, my OR said I could train to be an OR! But I think it was a joke.
Lily