Will my employer be told of my IVA
Your IVA is a private agreement between you and your creditors and your employer will not be notified, unless they are actually one of your creditors.
This is different to a bankruptcy, where your employer could become aware that you have been declared bankrupt should H.M. Revenue & Customs (HMRC) need to notify your employer of a change in your tax code.
This type of notification is not required with an IVA as you will continue to pay your regular tax contributions as before.
During the application process you will be asked to give your employer’s name and address, along with some of your most recent payslips.
The Insolvency Practitioner will need this information to establish that you have been in regular employment and to verify your income details.
But that is all this information is used for, and no contact is made with your employer for any reason at any time during the IVA.
