A County Court Judgment or bankruptcy may be included in staff contracts as a reason for dismissal.

Some companies are requiring staff to sign employment contracts which mean they could be sacked if they fall into debt and have a County Court Judgment against them. A CCJ, as its names suggests, is a repayment for a debt imposed by a county court judge. Any company or organisation owed money can apply for one, and for relatively small amounts, such as unpaid parking fines. However, once the CCJ is paid off it can be wiped from a credit record; during June and September 2011 an average 1,391 were issued every day and the average judgment was for £3,345 of debt.

For Anne, it came as a shock to learn an unpaid credit card could lose her her job. Four years ago she had problems paying back her credit card after being made redundant. "I lost my job, my marriage broke up and I took my eye off the ball. As a result, I got behind with my credit card and didn't make any payment for six months." Eventually, the credit card company took Anne to court, which, with interest, totalled just over £8,000.
"Thankfully, by that time, I was working again and in a position to pay – the CCJ required I pay the bill back over two years. I set up a standing order and thought nothing of it."

That was until Anne changed jobs several months later. "I was headhunted to work for another company. It was better pay and there were more staff benefits." However, when she received her contract of employment, she noticed, under the terms of dismissal section, that staff could be sacked if they had a CCJ or were made bankrupt....Read more here-->
When your credit card debt can become a sacking offence