I am from Ireland/living in the UK & in the process of applying for UK bankruptcy. One thing that concerns me is that the job I have been working at in the UK states in the contract that they reserve the right to terminate without notice employees whom have been declared bankrupt/insolvent.
When the bankruptcy is confirmed in the court, is there a way ones employer could discover this or is it only possible to discover this by doing a credit check?
The position I am working in is as an assistant manager in a large multinational service company, not in the finance sector and not one where I would be required to prepare independent accounts for the business.
Am I obligated to inform my employers when I am declared bankrupt or am I as well to keep quiet?
My wages are supporting my wife and our 2 children, so if I lost this job we would be left without an income.
Also just in regards to possessions, I use my laptop for work & my wife has a few year old desktop pc she uses for skype to stay in contact with the family at home; would the court force us to sell these items as part of the proceedings?
Our joint family income (my wage + her benefits) is under £32k per annum, we run the one car between us (worth less than £1k). The laptop is worth about £400 & the PC £300, they're the only "luxury" items we possess.
When the bankruptcy is confirmed in the court, is there a way ones employer could discover this or is it only possible to discover this by doing a credit check?
The position I am working in is as an assistant manager in a large multinational service company, not in the finance sector and not one where I would be required to prepare independent accounts for the business.
Am I obligated to inform my employers when I am declared bankrupt or am I as well to keep quiet?
My wages are supporting my wife and our 2 children, so if I lost this job we would be left without an income.
Also just in regards to possessions, I use my laptop for work & my wife has a few year old desktop pc she uses for skype to stay in contact with the family at home; would the court force us to sell these items as part of the proceedings?
Our joint family income (my wage + her benefits) is under £32k per annum, we run the one car between us (worth less than £1k). The laptop is worth about £400 & the PC £300, they're the only "luxury" items we possess.