KrakityJones
Registered User
- Messages
- 13
Hi
I'm likely going to be bankrupt very shortly. I am currently an employee, not making huge money but enough that I'll have a payment order - perhaps 500 per month.
A friend of mine is starting a business within the next year and have asked if I would consider working for him. The wages he can pay initially will be very low. It's a startup and likely not going to make money for some time. It would potentially be a great career move if the company takes off.
If (or rather when) I'm made bankrupt, my earnings as they stand will be used to calculate payment orders etc. What happens if I want to move to this company in say 8 months time - I'll be on far less money and have nothing to give to my creditors. Would this be seen as a move to try get out of the payment order and if so are there implications to this?
In other words am I allowed to move to a lower paying job after being made bankrupt? Time is against me in that I'll have to go bankrupt very soon however my friends business won't be up and running until towards end of next year. I don't want to lose out on the opportunity but I don't know where I stand on this.
If anyone could shed some light on this I'd be much obliged.
Thanks
I'm likely going to be bankrupt very shortly. I am currently an employee, not making huge money but enough that I'll have a payment order - perhaps 500 per month.
A friend of mine is starting a business within the next year and have asked if I would consider working for him. The wages he can pay initially will be very low. It's a startup and likely not going to make money for some time. It would potentially be a great career move if the company takes off.
If (or rather when) I'm made bankrupt, my earnings as they stand will be used to calculate payment orders etc. What happens if I want to move to this company in say 8 months time - I'll be on far less money and have nothing to give to my creditors. Would this be seen as a move to try get out of the payment order and if so are there implications to this?
In other words am I allowed to move to a lower paying job after being made bankrupt? Time is against me in that I'll have to go bankrupt very soon however my friends business won't be up and running until towards end of next year. I don't want to lose out on the opportunity but I don't know where I stand on this.
If anyone could shed some light on this I'd be much obliged.
Thanks