HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 archive
 Forum Questions
 If I take redundancy money out of joint account ?
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

kerry.le
Starting Member



1 Posts

Posted - 04 October 2010 :  14:35:05  Show Profile  Visit kerry.le's Homepage  Reply with Quote
bankruptcy:my husband is under the OR until July 2011 and is going to be made redundant, we have a joint bank account what would happen if I was to take the redundantcy money out of the account? or i was to take half of it?

debtinfo
forum expert



2826 Posts

Posted - 04 October 2010 :  19:04:57  Show Profile  Reply with Quote
If he is made redundant during bankruptcy then he must declare this to the OR as per his duties on form NTB2 that he signed. The rane of punishments for not doing this and giving the money to you can vary depending on the circumstances up to and including prosecution and imprisonment for him and recovery of the money from you including recovery of property and assets
Go to Top of Page

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 04 October 2010 :  20:22:12  Show Profile  Reply with Quote
Hi

The redundancy money is his and unfortunately you haven't got a claim on it.

If you are open with the OR there is a chance that they will allow you to retain some to get you by until other work comes in

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
08454 751 851

Real People ..... Real Debt Solutions
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06