Jobs Question

Likesplants

I have seen a list of jobs you can't work in and it mentions the legal profession, financial services and estate agency. But does that mean you can't work in these jobs full stop if you are bankrupt or would you be allowed to work there if you were employed as a secretary or in an admin role? I wasn't sure if it just applies to being an actual solicitor or estate agent and financial advisor.

wharty

Likesplants wrote: »

I have seen a list of jobs you can't work in and it mentions the legal profession, financial services and estate agency. But does that mean you can't work in these jobs full stop if you are bankrupt or would you be allowed to work there if you were employed as a secretary or in an admin role? I wasn't sure if it just applies to being an actual solicitor or estate agent and financial advisor.

I may be wrong but in a lot of cases it just while your in the undischarged part of bankruptcy. Accountancy may be different though. Suppose it depends on the company involved.

TheGardener

Hi - Some jobs are an issue such as Chartered Accountants and BR may have an impact on that as a career - some jobs are only affected while you are undischarged like school governors. But if you are talking about being a legal secretary or an office manager for an accountancy firm - there is no legal issue at all and unless your employer asks if you are currently BR or have 'ever' been BR as part of the recruitment process or there is a clause in your employment contract, you don't need to tell them.

chasingfreedom

It depends totally on the industry of the company. For example I used to work for a company who sold insurance. Everybody who worked in the call centre had to be credit checked at the time of getting the job. Anybody made bankrupt lost their job. I'm pretty sure though people not directly dealing with card details/insurance i.e. the receptionist were not subject to the same checks.

dancingfairy

I think it depends on whether you are in a regulated role. Obviously in some roles you have to be authorised to carry them out such as sharedealing or a mortgage adviser. I believe you have to pass a fit and proper test and one of the requirements is that you can't be a bankrupt.
Aside from the jobs you can't do legally a lot of it is down to company policy, some companies will require you to do a credit check.
I think it varies hugely but I believe you can still work in some roles within the restricted industries (such as secretarial positions etc).
It's another matter altogether whether bankrupts should be penalised and restricted from certain jobs.
df
Another thread (with links to other threads) here: https://forums.moneysavingexpert.com/discussion/3524971
The fca says here about their test for being a fit and proper person:

FIT 1.3.1
01/04/2013
FCAPRA
The appropriate regulator will have regard to a number of factors when assessing the fitness and propriety of a person to perform a particular controlled function. The most important considerations will be the person's:
(1) honesty, integrity and reputation;
(2) competence and capability; and
(3) financial soundness.
It does go on to say
'In determining a person's financial soundness, the appropriate regulator will have regard to any factors including, but not limited to:
(1) whether the person has been the subject of any judgment debt or award, in the United Kingdom or elsewhere, that remains outstanding or was not satisfied within a reasonable period;
(2) whether, in the United Kingdom or elsewhere, the person has made any arrangements with his creditors, filed for bankruptcy, had a bankruptcy petition served on him, been adjudged bankrupt, been the subject of a bankruptcy restrictions order (including an interim bankruptcy restrictions order), offered a bankruptcy restrictions undertaking, had assets sequestrated, or been involved in proceedings relating to any of these.
FIT 2.3.2
01/04/2013
FCAPRA
The appropriate regulator will not normally require the candidate to supply a statement of assets or liabilities. The fact that a person may be of limited financial means will not, in itself, affect his suitability to perform a controlled function.'