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 do my employers have to be informed of my bankrupt
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Claire.1
Starting Member



1 Posts

Posted - 22 November 2010 :  23:37:35  Show Profile  Visit Claire.1's Homepage  Reply with Quote
do my employers have to be informed of my bankruptcy

gettingoutofdebt
forum expert



2418 Posts

Posted - 23 November 2010 :  07:13:53  Show Profile  Reply with Quote
Normally you will have a nil tax code, which will mean HMRC will contact your Finance Dept but they won't advise any reason for the tax code change.

Depending upon your job and your employment contract there may be an insolvency clause so have a look at your contract to check if there is anything regarding BR in it.
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Richard P
Senior Member



United Kingdom
1701 Posts

Posted - 23 November 2010 :  13:58:28  Show Profile  Reply with Quote
Claire, if it is important that your employer does not know pick the correct time of year (jan - March)

however most big employers have staff support sections that may help you through what can be difficult times.

obvioulsy check contract ? it may be worth finding a senior manager / director to confide in then if your BR details gets out it is not going to case you added stress

Richard
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Housing
Senior Member



United Kingdom
1399 Posts

Posted - 24 November 2010 :  11:31:22  Show Profile  Reply with Quote
Good morning,

As has been said, check your contract forst of all to see if there is anything that requires you to declare that you are BR.

Make an anon call to your HR (if you atre a large firm and will not be recognised by the call)

Have an informal con with HR and tell them what has happened

Your tax code with change - but because there are a number of factors for a NT code, will not be obvious

Hope this assists, Richard

"There are no problems - only solutions"
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