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Does my employer have to know I have gone bankrupt - Bankruptcy UK

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Does my employer have to know I have gone bankrupt

Unless you are contractually obliged to inform your employer (check your contract) then you do not have to tell them. You may find that while you are bankrupt (up to one year in most cases) you will not pay tax and your pay slips will show ‘nil tax’ where your tax usually shows.

Your tax is paid to the official receiver (they will advise you of how this will work) and they will pay it to your creditors. Do not panic, there are many reasons why ‘nil tax’ is awarded and your HR department would not be told of the reason it has been changed.

 

Bankruptcy UK

Bankruptcy UK