I have an IVA that will fail at the end of the year due to my lack of funds to serve it, so I will be made bankrupt next year for around £24,000. It is also likely that I could be made redundant during the period of my bankruptcy(ten years work in public sector, so wont get a huge sum). If I am bankrupt and made redundant, I need to know if i can keep any of the prospective redundancy payment to live on, or will it be considered a "windfall" or "asset". Im very worried as if this money was taken, i wont have any money to live on and I believe that have little prospect of future full time employment.rsvp and thankyou
I have an IVA that will fail at the end of the year
Posted - 24 October 2011 : 15:21:44
