Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
Derek.sp
Posted - 12 April 2012 : 16:30:38 I'm being discharged from bankruptcy. I'm over retirement age and getting a lump sum regrading my private pension. Can I still have the payments as normal?
1 L A T E S T R E P L I E S (Newest First)
James Falla
Posted - 12 April 2012 : 16:36:53 Hi Derek
If you have already been discharged from your bankruptcy when you get the lump sum, then you will be able to keep it. Whether or not you will have to hand over any of your ongoing pension payments will depend on whether you have already got an income payment agreement set up. If so, then you will have to inform the OR off this income change and they will want to review your disposable income and whether ongoing payments are still affordable.
Debt solutions expert and author. If you would like further help or guidance visit www.beatmydebt.com Alternatively I can be contacted via e-mail: james@beatmydebt.com
