I have just received a work contract. In it it says immidiate termination can be due to:
Employee becoming bankrupt or having an arrangement with creditors.
I am half way through my iva and have worked for this company for a number of years with only a verbal contract. I dont think they would find out about the iva and it does not affect my work in any way but this is very worrying. Any advice welcome
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If this was never mentioned to you before then this would constitute a change in your terms and conditions. Personally I would not sign the contract and just advise my employer that I am happy as I am. However I am not a lawyer so perhaps legal advice or a chat to the union would be appropriate [if you have a union].