Bankruptcy and Teachers

MrHadEnough

Hi all, Does anyone know if Bankruptcy has any effect on the status of qualified teacher?

Should I tell anyone at work if I do, or is it something that can be done without involving people at work / employees etc?

Also, does anyone have any experience with Myvesta.org? I'm thinking or using their support package (even though it's going to cost me!) to help with the banckruptcy process as I have a complicated situation.

Thanks

skylight

Most would tell you to steer clear of myvesta - infact ANYONE that charges you for a "service" that you can do yourself for free, however complicated you think it may be. Although we do all appreciate how reassuring it can be to have someone hold your hand, there is still lots that they cannot do for you. And if you can afford to pay them then you can afford a higher IPA after BR.

BR should not affect being a teacher at all. However, as with all jobs, double check your contract or contact your union if in doubt - get the information from the "horses mouth". The one thing you are unable to do is be a governor whilst BR though!

PixiePie

Firstly, there is absolutely no issues with going BR and being a teacher or having QTS - I am one, was before my BR, was throughout my BR and still am (although, hurrah! no longer full time ). As part of the workload agreement you shouldn't be handling any monies anyway, so that's the only part of the job they could conceivably protest about if they really wanted to, but as you're not meant to be doing it anyway, no problems. And don't worry about the gits at the GTC - they will try and tell you that as a teacher you should be a pillar of society, that your entire life is dedicated to being a teacher and therefore you could loose your teaching job and be struck off as it's not responsible etc etc for a teacher to do, but they are talking utter danglies.

I let one person know at work, but only as they were a personal friend as well and it was relevant. No-one else knew and no-one else has to - the only people whom may know anything to do with it are payroll, and that's because of the nil tax code, but as that can be applied for so many different reasons, it's not anything that will scream 'BR' at them. You don't have to tell anyone at all.

If you have a complicated situation please use the FREE charities and agencies that will help you with it - they are extremely experienced and helpful and really can help. There is absolutely no need to waste good money on money grabbing scum that profit from other people's misfortunes. Please please use National Debt Helpline CCCS or Cit Advice - I found the first two helpful and knowledgeable beyond belief.

MrHadEnough

Thanks for this advice. The only worry now is the mention of the zero tax code. The woman who is the school Bursar (deals with all payroll) is the mother of my Head of department. Not sure if she'd get to know or maybe ask questions and then it may become 'unofficial' knowledge to others!?

Also, the with the GTC - I wouldnt be telling them myself but would the OR let them know of a BR?

boredofbeingathome

Hi Mr.Hadenough, the only thing i will say to the last post about her being the bursar, is that your private details are private!If she discusses them with other folk then i should imagine it would be contravening some rule or other.
Good luck with it all as it must be terribly stressful for you.
Bobx

fermi

MrHadEnough wrote: »

Thanks for this advice. The only worry now is the mention of the zero tax code.

As already said, the NT code can be applied for many reasons other than BR.

An actual examiner for the OR posted this somewhere ages ago.

A bankrupts employer (being nosey) once requested a full breakdown into why his member of staff was on a nil tax code, and had a 27 page reply with every possible reason this could happen the guide book that explained it and a little note at the end that said

"cause we told you to, and will not tell you why"

HMRC is a bit of law on to themselves

MrHadEnough

Thank-you all for your replies. I'm finding this forum and all of you the most helpful & supportive resource yet!!

PixiePie

MrHadEnough wrote: »

Also, the with the GTC - I wouldnt be telling them myself but would the OR let them know of a BR?

Don't worry the OR won't let them know, unless you still owe them this years fees *and* have included it on your BR statements. The number of teachers I know that haven't paid for years is relatively large really, so as naughty as it sounds you may 'forget' to put them on the list (don't worry, they would still be covered by the BR if it came to anything - I forgot one of my creditors and when they eventually found me I just wrote them a quick letter with a copy of my BR included and it was fine) if it is the case you still owe this years fees. The evil bloodsuckers are trying to get money out of me at the moment, but luckily I was working in a private school so don't have to pay (and technically aren't working at all now - yipee!).

Ditto what Fermi said about the Bursar - so so so so many reasons for 0 tax code - just tell them you paid far too much several years ago, so they owe you loads back now if you really want to talk about it, but I found nothing said meant nothing was said (if that makes sense).

mother_hen_2

Could anybody advise 'roughly' what other reasons for a 0 tax code? (just wondered in case we go Br) getting the excuses ready as payroll may pass info on to employer
thanks

JCS1

Your tax code is confidential between yourself and HMRC, payroll should not query this with anyone.

As someone who used to do payroll for 400+ people, you just enter them onto the system and file them, you definitely do not question them.

DJC1_3

Hi this is a bit of drawn out issue, my girlfriend is getting divorced after her ex's 3rd affair, They are in negative equity and getting past all of the rubbish he has claimed, we are in a position where he is a teacher as is she, they both earn circa £45k/year he is about to re marry, even though not divorced. He was paying bills and had offered to take on a secured loan of circa £20k if she took on the house and its negative equity.

Since his new relationship he is all of a sudden thinking of going into an IVA or Bankrupt. He has not paid his half of the mortgage for 3 months and this month has stopped paying his half of the loan. All of a sudden after moving in with her he is now strapped for cash.... He can a afford £600 on an engagement ring and £200 on Tattoos and takes the kids to theme parks.

We did consider renting the house out, he won't sign to let this happen, even though this would ensure the mortgage is covered in full. He made my g/f move out as was telling her he would move back in. He is blatantly paying a huge "rent" to his girlfriend as he is buying toys for the kids, engagement rings, expensive tattoos. It appears my partner is going to get to keep his part of the debt and the mortgage company will chase her for everything.

Is there anything we can do to prevent this, when is it fraud? Do we just have to take this from him? Is there anything we can do? I know as a teacher he will most likely keep his job, lets just hope he never has to teach morals!!

Does anyone know of anything we can do other than follow him down the bankruptcy route??