Re Employment And BR

blind-as-a-bat_2

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user55

I told my manager when I was about to go bankrupt. I didn't *have* to tell her, but the stress was affecting my work and I was unable to achieve certain tasks set for me, so I felt it only right for me to explain why. My manager was and still is incredibly understanding and encouraging. She frequently checks that I'm coping and told me I could ring her at home any time if I needed to talk or if there was anything she could do to help.

My job doesn't involve financial transactions in any form and there is nothing in my contract about bankruptcy. So I *could* have bottled it all up and left her frustrated with me, wondering why my work was so lax. I'm glad I didn't.

Richard_S

Hi Bat,

I work in the public sector as a Finance Manager and there have been no problems at all. I notified my manager the day we were declared bankrupt and she had to refer it up "the food chain". All I was asked to do was a brief summary of the events leading up to the bankruptcy, it's effect on me and my personal life and any possible effects on my ability to do the job.

I can still approve invoices, sign cheques and authorise petty cash payments. I was asked if I needed to take time off work or whether there were any support facilities that I felt would help me come to terms with the situation. I didn't feel the need for either, and there have been times when I've not been able to concentrate 100% on work, but very few and far between.

Overall, having a supportive employer has just made me more determined to ensure that the quality and standard of my work is either equal to or better than others doing the same job.

Rich

NekoZombie

Yes, it'd be interesting to know who it was who lost their job...

philnicandamy

I worked in the NHS as a projects manager, I'd been working with them for over 5 years with a long term health condition which unfortunatley got worse after a couple of car accidents, I met with my employers whilst on sick leave & explained the situation regards my impending BR...my manager just shrugged her shoulders & said "so what?" I still had my job still had my finance responsibilities etc & couldn't fault them for support...although now i've just been granted Ill health retirement from the NHS (at 37 aghhh!!) & to be honest I can't be happier with it all...once I feel fitter I may start to look for another job part time somewhere..leaves me a little concerned though putting on an application form "i'm currently BR" I know this only affects certain positions but can't help wonder what potential employers will think

tostao

one scam to be aware of is Individual Voluntary Arrangements, where the provider tells you they can save your job, the list of positions that are affected is fairly obvious and can be found on the insolvency service website.
i cannot recommend them highly enough, they have always been extremely professional, non judgemental and informative when you ring to discuss an issue.

vardmac

I am licensed by the FSA even though I only work in general insurance, not the financial services side. I was declared br last week and as I am self employed I have to declare my br to the FSA.

29 years of my life up in smoke with not much chance of starting a new career. :mad:

rog2

Great poll, blind-as, but not relevant to me as I was self-employed when declared bankrupt and had, already stopped working as I no longer had the funds to continue.
Couldn't vote, but, as I said, it's a good poll and will show what employer attitudes to bankruptcy reall are.

pistonbroke

Nothing so far, they obviously know, but I haven't told them myself, don't see why it is there problem, I work in IT, nothing to do with money at all, apart from buying stuff of course

Texas

I work for an insurance company and have been told that if I go bankrupt I will be out. I don't handle money at all, I work in an internal support department but my employers will not look at anyone who is/has been bankrupt. I was forced to go down the IVA route because of this and then they changed the terms and advised they will not accept staff with IVA's. Fortunately,after a lot of worryig, they said I was ok as I had set up my IVA prior to the rule change and had done it specifically so that I could keep my job. My company is owned by a bank and I think most banks have the same sort of outlook.

cinnabar

OK some of you might remember that I was a bit worried how my employers would react to my going BR (I work for a major high street bank) - well I had to undergo a 'risk assessment' which basically just meant telling work how much money I owed to whom - my manager told me yesterday that HR have closed my case and there's no problem with me continuing to work there! Hopefully anyone else who works in a similar role (I'm not FSA regulated) who goes bankrupt will have a similar experience.
Also I've seen a few posts where people seemed to suggest that going bankrupt if you work for a bank meant you'd automatically lose your job - apparently not so, at least with my employer :j