Do I need to tell my employer about my IVA?

For the vast majority of people, there is no obligation to tell your employer about your IVA. It is a private financial arrangement, and your employer will not be notified as part of the IVA process.

However, some employment contracts and professional bodies require you to disclose insolvency arrangements. Professions that commonly have these requirements include: accountants and financial professionals, solicitors and legal professionals, police officers and members of the armed forces, and company directors.

If your contract of employment includes a clause requiring you to disclose insolvency, you should comply with it. Failing to do so could be considered a breach of contract.

Your Insolvency Practitioner can advise you on whether your specific profession requires disclosure. If it does, they can help you understand what this means and how to handle the conversation.

Your colleagues and other employees have no way of finding out about your IVA unless they specifically search the Insolvency Register, which is unusual.