Bankrupty and jobs I cannot do?!

Happy72

Hello.
I wondered if anyone can help me with my query. I have never posted a question before but have used the forum many times for help over the years of which it has been invaluable!
I was made bankrupt nearly 6 years ago (so my credit file will be wiped in October this year). I was looking at re-training as I am currently about to be made redundant. I was looking at a Law course but understand it will probably be impossible to practice in any law profession after being bankrupt in my past. Therefore, I am looking at counselling courses and was also specifically looking at Counselling & Managing Personal Debt. I'm wondering whether I would be able to practice in any debt adviser roles if I was previously bankrupt?? I feel that due to my bankruptcy, I am more than experienced in all the in and outs of debt management and actually help family and friends now to sort out their debt problems. I am a complete reformed bankrupt who watches every penny and who would like to help others Any help appreciated - thank you!

tigerfeet2006

We have several people on the boards who have been in DMPs/IVAs/BR who are debt advisors with the CAB and other organisations, so I don't think that will be a problem.

Have you double checked that you won't be able to practice as a law professional?

minic

Hi,

As far as I'm aware there are no restrictions on you practising as a barrister as you are not responsible for handling client money.

Becoming a solicitor is unlikely but not impossible and depends on your individual circumstances surrounding your bankruptcy. The Solicitors Regulation Authority handbook states the following:


5: Financial evidence

5.1
Unless there are exceptional circumstances we will refuse your application if:

(a)
there is evidence that you cannot manage your finances properly and carefully;

(b)
there is evidence that you have deliberately sought to avoid responsibility for your debts; and/or

(c)
there is evidence of dishonesty in relation to the management of your finances.

5.2
If you have been declared bankrupt, entered into any individual voluntary arrangements (IVA) or have had a County Court Judgement issued against you it will raise a presumption that there has been evidence that you cannot manage your finances properly and carefully.

Guidance note

(i)
The following might help to establish confidence in your ability to run your business/carry out your role in the business effectively and in accordance with proper governance and sound financial and risk management principles:

(a)
the bankruptcy/IVA/County Court Judgement occurred many years ago and there is evidence of subsequent sound financial management and conduct to show that creditors have been repaid;

(b)
you were affected by exceptional circumstances beyond your control which you could not have reasonably foreseen.

Happy72

Thank you both for your replies - gives me some encouragement to know that I could look into training for both.
Thanks again :rotfl: