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Alina Pietrzyk
Starting Member
20 Posts |
 Posted - 23 June 2011 : 21:17:00
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It's a bit like the "fairness" of some people being allowed £50 a month for an annual holiday (probably the car owners) and others being told "I can't allow you a holiday fund, it's not fair to the creditors."
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 23 June 2011 : 21:17:41
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Alina, please keep your posts polite and inline with the forum etiquette - http://www.bankruptcyhelp.org.uk/forum/topic.asp?TOPIC_ID=5869
As stated the forum ethos is respect for all. If you cannot comply with this you will no longer be able to post.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
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debtinfo
forum expert
2826 Posts |
Posted - 23 June 2011 : 21:18:00
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| No, open to interpretation in that the Trustee will make an application to court and the bankrupt (or someone on their behalf) will defend themselves and a judge will make a ruling, that is how the law works. |
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Alina Pietrzyk
Starting Member
20 Posts |
Posted - 23 June 2011 : 21:29:13
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quote:
Originally posted by debtinfo
No, open to interpretation in that the Trustee will make an application to court and the bankrupt (or someone on their behalf) will defend themselves and a judge will make a ruling, that is how the law works.
I've checked my pension scheme which states you can take some or all of your lump sum as extra pension instead, a decision you can only make when retiring. The decision cannot be reversed it goes on to say. Does this help?
(Not sure a Judge can turn round and say "Oh yes we can reverse that, for the sake of the creditors".) |
Edited by - Alina Pietrzyk on 23 June 2011 21:29:48 |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 23 June 2011 : 21:38:55
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As the OR can overturn other transactions I would take specific advice before making the decision.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
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Early retirement
