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| T O P I C R E V I E W |
| smiling_bankruptee |
Posted - 08 January 2009 : 17:23:38
My husband and I declared ourselves bankrupt in September 2008.
We have just informed the OR of a bonus paid to my husband in December, of which they are asking for ALL of it. Is this normal???
We were of the impression that any overtime or bonuses are shared between the OR and the person receiving them.
Can anyone shed some light on this before we have to hand all the money over?
thanks, |
| 3 L A T E S T R E P L I E S (Newest First) |
| smiling_bankruptee |
Posted - 08 January 2009 : 18:38:20
melanie from IVA site has confirmed that this is correct and there is no provision to share a bonus between receiver and the creditors!
this seems quite unfair, especially if it is a performance related bonus! it does not give people the incentive to work hard!
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| smiling_bankruptee |
Posted - 08 January 2009 : 17:33:06
Hi Jo
My husband gets a profit related bonus paid every quarter. This one was £500, NET. We did consider spending some of it as we could really do with a new radiator in our bedroom but we want to do everything by the book so have informed the OR!
SB x |
| Needafriend |
Posted - 08 January 2009 : 17:26:08
Hi SB
Sorry i cant help you with this one. What sort of bonus are we talking here, was it a very large amount as you may be able to negotiate with them, esp if you have spent it.
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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