Starting a career in accountancy as an ex-bankrupt?

dd32d

I was discharged from bankruptcy a couple of months ago. I am looking for a career change (have worked as a security guard for my whole working life), particularly something more lucrative and challenging.

Will being an ex-bankrupt affect my job prospects in terms of considering a career as a chartered accountant? Will firms refuse me because I am an ex-bankrupt? My intention is to continue in my current job and complete the relevant study/exams in my own time and then apply for an entry-level role.

Advice?

[Deleted User]

I doubt you'd be allowed to work in any job in the financial sector, I'm afraid.
https://forums.moneysavingexpert.com/discussion/1967341

BANKRUPTCY

Applicants for Student registration

In relation to an application for Student registration, the guidleine starting point is:

Not to admit him if he is the subject of an undischarged or discharged bankruptcy order, but to admit him if the Association considers there to be mitigating circumstances.
When considering the implications of bankruptcy on potential or continued Membership or Student registration, the AAT should consider:
a) The reasons for the indebtedness, the circumstances of the bankruptcy or arrangment and the extent to which the Member, Applicant, Student or Affiliate was personally at fault.
(i) The more the Member, Applicant, Student or Affiliate was personally at fault, the more appropriate to tend towards severity in the sanction, particularly if he had been reckless or dishonest.
(ii) On the other hand, if there were factors beyond the control of the Member, Applicant, Student or Affiliate, this may be considered a mitigating factor.
It will be for the Applicant to satisfy the Association of suitability for Membership.

Affiliates and Students

Where an Affiliate or Student becomes bankrupt or has made any composition or entered into any formal arrangement with his creditors, he will be subject to a disciplinary investigation (in accordance with the AAT's Disciplinary Regulations).

He should be advised that if he subsequently applies for Membership, his case will be considered on an individual basis in accordance with the Association's policy on applicants for Membership.

Duty to inform the Association

The Disciplinary Regulations impose a duty on the membership to inform the Association if he is made bankrupt, or has made any composition or entered into any formal arrangement with his creditors. If he fails to do so, he will be subject to a disciplinary investigation (in accordance with the AAT's Disciplinary Regulations).

dd32d

^^^^^^^^

Thought so, thanks for the information. Guess I can write that one off, just exploring various career options and I know being discharged from BR affects some more than others.

[Deleted User]

You have to give it a very LONG time, even then I'm not wholly sure.
(There use to be a Credit Union who could never accept ex bankrupts as an application example so it doesn't surprise me about CA)

You do take comfort then when the most squeaky clean people go on to commit the most horrendous fraud crimes of our time.