Loans to Employees in Debt Counselling

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CindyR
Posts: 10
Joined: 27 May 2016, 07:56

Loans to Employees in Debt Counselling

Unread post by CindyR » 29 Jul 2016, 10:37

Hi all

Can anyone advise me whether or not there is an legal implication around giving an employee under debt review a staff loan. We have an employee that we did not know was under debt counselling applying for loans from the company and have now found out she is in debt counselling. We are not sure if we were legally allowed to have given her the loan and what our approach should be going forward?

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