One of my hubbys creditors is his employer. Basically the company is owned by his Dad and my hubby was made a director but unknown to us his first years wages were put down as a directors loan by the accountant instead of normal wages. He is resigning as director for the BR but will still be part time employed. How does the fact that he will be in debt of £18000 to his employer affect him and his BR? Obviously we want the debt included as we need to be debt free but can he still be employed by them?
Thanks for reading and sorry if it all sounds a bit confusing!
I am not sure that the £18000 will be written off in the bankruptcy but it certainly seems likely the OR would want to investigate all the circumstances. Someone else willbe able to give fuller answers to this. It is unusual.
What happens if you owe money to employer?
Posted - 03 January 2009 : 13:11:52
