Are your employers informed if you take out an IVA

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Vfr

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Post by Vfr » Thu Jul 12, 2007 2:13 pm
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Are your employers informed if you take out an IVA?
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Adam Davies

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Post by Adam Davies » Thu Jul 12, 2007 2:54 pm
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Hi
No they are not.
However if you work in the financial services sector you will need to check the terms and conditions of your contract as they often have a clause relating to insolvency.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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Oliver

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Post by Oliver » Thu Jul 12, 2007 3:47 pm
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IVAs are considered more private / less public than Bankruptcy because in Bankruptcy your details are published in the local newspaper. However in an IVA your details will be placed on the Insolvency Register which is available to the public. However, this is little known about and someone would have to specifically search for a person through their name and location rather than just generally searching for everyone in an area.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Last edited by Oliver on Thu Jul 12, 2007 3:48 pm, edited 1 time in total.
Best Regards
Oliver
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