I rent a property from my employer for only 215 a mth and this comes out of my wages so will they need to know if I go bankrupt. Also I have a loan with my employer of 4k which I am paying 120 a mth & comes out of my wages so what will happen to that as I dont want it to get awkward and i owe 2k in electric and gas & paying 100 a mth will that still stand aswell
I believe that the loan with your employer will have to be declared and go into the bankruptcy pot and also the arrears from the gas and electricity.
Basically everything you owe goes into BR. You will also get a nil tax code for the remainder of the tax year so your employers will know about it because of that.
I would speak to an expert about your position. Click on the experts link on the left hand side of the page and speak to one of them.
Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe
I don't want to get awkward
Posted - 26 October 2011 : 05:13:46
