R
rodger
Guest
Hi,
The banks threatened repossession last week:
Back in November they wrote to me offering what they called a restructuring.
I couldn't see any difference and along with other bank letters I ignored it.
Seems maybe they were extending the life of the mortgage ie repayments over a longer time.
Anyway they are now saying that I missed the opportunity to work inside the MARP and I am now going into ARA because 4weeks and 25 days have elapsed.
(I don't get a second chance)
But my question, in my job, there is a clause: that a condition of my employment being terminated is if I go bankrupt.
So what are the chances of my (private sector) being let go if I apply for bankruptcy?
Would the employer actively seek to enforce this?
Regards,
The banks threatened repossession last week:
Back in November they wrote to me offering what they called a restructuring.
I couldn't see any difference and along with other bank letters I ignored it.
Seems maybe they were extending the life of the mortgage ie repayments over a longer time.
Anyway they are now saying that I missed the opportunity to work inside the MARP and I am now going into ARA because 4weeks and 25 days have elapsed.
(I don't get a second chance)
But my question, in my job, there is a clause: that a condition of my employment being terminated is if I go bankrupt.
So what are the chances of my (private sector) being let go if I apply for bankruptcy?
Would the employer actively seek to enforce this?
Regards,