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 Bankrupcy and inheritance & winning money?!...

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T O P I C    R E V I E W
suze Posted - 16 January 2009 : 15:16:11
Hi!
Does anyone know, if a bankrupt AFTER discharge (assuming there's no restrictive orders made),comes into an inheritance OR wins some money (competitions,etc). Can they be taken by the bankruptcy (i.e. taken by the trustee or the creditors)?? Thanks!...
4   L A T E S T    R E P L I E S    (Newest First)
bang up Posted - 09 March 2009 : 14:40:16
thanks john
John Posted - 09 March 2009 : 14:25:49
Hi

as long as you are discharged the money received, a windfall, would not need to be divulged as it would be exempt even where an IPA is in situ.


John White
England Jackman & Spacey
bang up Posted - 09 March 2009 : 11:57:55
hi julien - but if you are in ipa, what exactly happens if you come into a few quid from an edlerly relative?
JulianDonnelly Posted - 16 January 2009 : 15:20:30
Hi Suze,

As long as you're discharged and not in an IPA/IPO, the OR/Trustee has no claim on any windfalls etc whatsoever.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367

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