In most cases, either
bankruptcy or individual voluntary arrangements will have
no impact on your job and your employer will not be contacted.
There are, however,
exclusions to this statement.
It may be that you
work in a financially sensitive job and there are rules in
your contract of employment or rules of professional association.
For example, you cannot be employed as an MP, JP or hold certain
public offices if you are subject to a bankruptcy order.
For details of the
impact of insolvency on those people employed on a PAYE basis,
click here.
For details of
the impact on those working as sole traders, click
here.
For those trading
under the style of a limited company, click
here.
To read the law in relation to your job,
click here.
