If you wish to enlist as a member of the Armed Forces<\/strong>\n and be employed by the Ministry of Defence, you may not do so while \nbeing undischarged from bankruptcy proceedings. You should disclose your\n financial status in any application to join the Armed Forces. The \nMinistry of Defence will give due consideration to your attitude to \ndischarging your debts. If you have ever been declared bankrupt<\/strong>, you are required to disclose this fact. If you are in an IVA or have ever been, you should also disclose this fact.<\/p>\n\n\n\n If you are already a member of the Armed Forces, you will not necessarily lose your employment if you are declared bankrupt or enter into an IVA. However, bankruptcy in particular can be viewed very seriously by the forces hierarchy and being adjudged bankrupt could seriously impair your promotional prospects and at worst you could be dismissed from the service. A more benign view appears to be taken of serving members entering into an IVA rather than becoming bankrupt. Nevertheless retaining your employment is at the discretion of the forces hierarchy. If you are expelled from the armed forces, re-admission is possible but unlikely, even after you have restored your financial status. The Ministry of Defence does maintain a benevolent fund to assist those in financial distress and such assistance may be advisory and\/or financial.<\/p>\n\n\n\n Police forces across the country take similar views as the Armed \nForces do, in regard to entry of insolvent persons into the profession \nand to serving members becoming insolvent. While discharge from this \nservice is not mandatory for members who are bankrupt or in an IVA, \npolice will examine the circumstances and may in their discretion expel \nthe insolvent member. If an insolvent member is expelled, re-admission \nis again possible but unlikely. This body also maintains a benevolent \nfund but gives only advisory assistance.<\/p>\n\n\n\n Both bodies view an IVA less seriously than bankruptcy so it is not \nsurprising that insolvent members choose to enter an IVA more frequently\n than they opt for bankruptcy. A serving member of the police or Armed \nForces who becomes insolvent may consult with the trustees of the \nbenevolent fund and consider taking independent legal advice before \nmaking what could turn out to be a career threatening decision. A \nreputable insolvency practitioner will also provide invaluable advice on\n all the available options open to members of both bodies. Such advice \nshould be provided free of charge. Alternative sources of advice are CAB\n and the CCCS.<\/p>\n","protected":false},"excerpt":{"rendered":" In the second article in this series, we looked at the effects of insolvency on the careers of people working in the financial sector and particularly accountants.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2,7],"tags":[],"class_list":["post-2332","post","type-post","status-publish","format-standard","hentry","category-bankruptcy-articles","category-iva-articles"],"_links":{"self":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/2332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/comments?post=2332"}],"version-history":[{"count":3,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/2332\/revisions"}],"predecessor-version":[{"id":13552,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/2332\/revisions\/13552"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=2332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=2332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=2332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/02\/Fotolia_4242164_XS.jpg\")
<\/figure><\/div>\n\n\n\n