Rounds of taxi cabs - that is an expensive habit.
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Bankruptcy and Contracting
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be aware that anywhere decent will do a credit check on you, and you will fail and won't be taken on.Comment
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Originally posted by dude69 View Postbe aware that anywhere decent will do a credit check on you, and you will fail and won't be taken on.Comment
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In over ten years of freelancing I've never been credit checked. Except possibly as part of security clearance.
There are other high paying industries other than the financial, you know.Down with racism. Long live miscegenation!Comment
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Std process
Any job/contract with a financial client will involve a credit check these days. This doesn't mean you have to have an excellent record - mine is no more than average, I think they are looking for defaults/bankruptcies/etc. Not sure it's worth turning down a lucrative option on the libertarian principle.Comment
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Originally posted by BA to the Stars View PostIf money is paid to a limited company of which you are an employee, the OR cannot touch the funds within the limited company, it is a seperate legal entity. It is you personally who is bankrupt, the OR may be able to go after your income (including dividends).
Best bet is to speak to an accountant and possibly also a solicitor specialising in bankruptcy / insolvency
timComment
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I was reading the other day that an increasing number of employers are doing these credit checks. Then it occurred to me that as we go into a slower economy a greater number of people will have black marks against them. The result of a recession could mean a whole generation of very capable but unemployable people. It’s a good job that there is a near infinite supply of migrant workers to take their place.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by Dow Jones View PostAny job/contract with a financial client will involve a credit check these days.
I think they are looking for defaults/bankruptcies/etc
Not sure it's worth turning down a lucrative option on the libertarian principle.Comment
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Originally posted by tim123 View PostAnd if he structures his income this way to avoid his earnings going to pay off his creditors, and the OR finds out, he can expect some jail time.
tim
I am not saying it is not immoral, if anyone has debts, why should his creditors suffer and I hope that I am never in this posistion.
As always though, I would suggest advice from professionals whose job it is to know about these things i.e. accountants, solicitors, etc.Comment
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