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Posted: **Wed Aug 22, 2007 3:59 pm**

I have personal debts of £43,000. I am seriously considering an IVA. One worry I have is that I work for the Halifax bank and have about £25,000 debt with them. Will I have to let my manager know aboout this? will I lose my job? can they let my manger know if I choose not to? PLease help. In a panic does not even start to explain how I feel.

Posted: **Wed Aug 22, 2007 4:10 pm**

Hi tammie and welcome to the forum

You will need to check your terms and conditions of employment to see whether you would lose your job in the event of proposing an IVA or going bankrupt. I suggest that you have a confidential chat with your human resources department who ought not to tell your line manager of the nature of your discussions.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Posted: **Wed Aug 22, 2007 4:34 pm**

Hi Tammie,

You would need to double check your terms and conditions of employment, if it specifically says that you cannot go bankrupt or enter into any voluntary arrangements then yes, your job will be affected.

Best Regards. IVA Experts

Posted: **Thu Aug 23, 2007 10:31 am**

It is important that you check your contract and discuss this with an HR worker. We have successfully proposed many IVAs for people who owe money to their employers, even some who worked in the financial sector. Don't rule out an IVA because of this but it is important to check with your contract and HR first.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Posted: **Sat Sep 01, 2007 7:46 am**

hi,
im just wanting to ask a quick question, i currently work as cabin crew with 21000 debt, im thinking of entering an IVA will this affect my job, as I know a few people at work have declared themselves benkrupt.
thanks

Posted: **Sat Sep 01, 2007 8:21 am**

Hi Sarah and welcome to the forum

I am sure that an IVA would not affect your job, but do check your contract of employment to be sure. If you have colleagues who are bankrupt, then this evidences the fact that your employer probably does not have a prejudiced view of personal insolvency.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk