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Thursday, 11 February 2010 13:55

Which Professions May Be Affected By Bankruptcy?

Written by  Jon
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Question:



Which professions may be affected by bankruptcy?

Answer:



Bankruptcy can affect people who work in the financial services industry.

Many employers such as banks and building societies stipulate that you are not allowed to go bankrupt whilst you're in employment with them. Failure to adhere to their terms and conditions may result in the termination of your employment.

Whilst you're undischarged from bankruptcy, you are not allowed to be a company director.

It is always best to review your employment contract if you have one or have a private chat with your personnel department if unsure if bankruptcy impacts your job.

Thank you for letting me help you.

Jon

If you have a bankruptcy question you'd like to ask, just ask using this online form. All help is free.

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