I am thinking of making myself bankrupt. I am due to inherit 5000gbp at some point in the future, will I be able to keep this if I get it after the Income Payment Order has finished? thanks
Sorry for the delay in replying. I believe that if you know that this inheritance will be due at some point when you declare BR then it will have to be paid across.
However I suggest speaking to someone like CAB or one of the experts that post on here for some free advice.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
I realise that you posted this ages ago so not sure whether you will look in again.
If the person who is leaving you the money dies before or during your bankruptcy, then the inheritance will go to the OR, regardless of when it gets paid out.
If the person dies after you've finished your bankruptcy, then it's yours.
Will I be able to keep inheritance if I get it after income payment order has finished ?
Posted - 11 November 2013 : 02:49:05
