Going self employed: Consequences of hard times?

Hi All,
Due to cicumstances I may have to go self employed ie.'Contracting'. The scary part is 6 months down the line if I am unable to get another contract.

My two wonderful children are the most important thing in my life, so no matter how I may be financially, I will always endevour to exceed my responsibilities/obligations, as I do now. Please do not question this heartfelt wish. However, I also understand I can not pay what I do not have.

The question: If I move from permanent employment to self emmployed, then fall on hard times:
- where do I stand with respect to the agreed CM?
- Do I have to pay for X ammount of time after divorce before I can vary the CM ammount?
- How do I vary the ammount?
- Any good info sources
The divorce will be 15 months old in six months time.

Must add that I have no financial buffer at all following divorce. If I fall on hard times, by so much as a month or two, I loose everything. No ifs, No Buts, everything!

Thanks,
Z

I don't know what the "circumstances" are that mean you would give up employed job with a safety net as such that you don't have to find the work all the time to get paid.
unless it's forced upon you due to redundancy and seen as how you cannot finance yourself through 1 bad month even in this current economic climate I would advise to stay in the employed job by hook or by crook.
All the best
Pete

Is the change being forced on you or is it your choice?

Do you have employment protection? Are you entitled to a redundancy payment? My employers are trying this as a way of cutting overheads but only with people who work for us on a very part time basis and have not established any rights.

Hi All,
The straw that broke the camels back is that my X is now seeing a manager in my company, and emotionally I find this situation very difficult.

However, the job I am doing is effectively dieing, gradually comming to an end as my company is no longer winning the business. As an individual, skill wise and emotionally, I am dieing with the job too. I will not be made redundant, I will be redeployed.

I can wither and die with the job, or take a risk. Emotionally I am on the floor, I have no life, and I need to rebuild. This could be the first step.

Z

Sorry Zebedee,
I forgot that your fantastic ex misus has just announced that she's seeing your work colleague.
I think you need to can the despair it's such a fecking useless emotion.
Get Angry your ex misus basically is a right xxxx she's manipulating you out of the kids life but you're too nice to admit it and then chooses to fxck one of your managers at work what a top bird she is.
Start acting like a right obnoxious angry prxck because being despairing nice guy just gets you shat on.
I'd still keep the job for as long as possible and get the sub contracting set up on the side as additional income if you can.Use the time that someone else is paying you to get your contacts and promises of work established.
As I always used to ask myself
"Right so you feel shxt?
But wahat's better?
feeling shxt
or feeling shxt and skint?"
Feck the pair of them front it out and don't make any rash decisions.
All the best
Pete

Strong words Haway !! Spot on the mark. !!
Why should your x have it all cosy Z .

Totally see where you're coming from Zeb, ((())) What are the chances of following Haway's advice and concentrating on networking to build up contacts whilst still employed? Any chance that if you hang on a little longer your company would discuss a redundancy package rather than redeployment?