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 OR wants 100% of bonus! Is this normal?
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smiling_bankruptee
Starting Member



6 Posts

Posted - 08 January 2009 :  17:23:38  Show Profile  Reply with Quote
My husband and I declared ourselves bankrupt in September 2008.

We have just informed the OR of a bonus paid to my husband in December, of which they are asking for ALL of it. Is this normal???

We were of the impression that any overtime or bonuses are shared between the OR and the person receiving them.

Can anyone shed some light on this before we have to hand all the money over?

thanks,

Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 08 January 2009 :  17:26:08  Show Profile  Reply with Quote
Hi SB

Sorry i cant help you with this one. What sort of bonus are we talking here, was it a very large amount as you may be able to negotiate with them, esp if you have spent it.



Jo
x


Needafriend says:

Just always remember one thing, Your not alone, your not the first and you wont be the last.



22 Weeks down


30 to go




For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)


http://debtfreejo.blogs.bankruptcyhelp.org.uk/

Edited by - Needafriend on 08 January 2009 17:26:28
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smiling_bankruptee
Starting Member



6 Posts

Posted - 08 January 2009 :  17:33:06  Show Profile  Reply with Quote
Hi Jo

My husband gets a profit related bonus paid every quarter. This one was £500, NET. We did consider spending some of it as we could really do with a new radiator in our bedroom but we want to do everything by the book so have informed the OR!

SB x
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smiling_bankruptee
Starting Member



6 Posts

Posted - 08 January 2009 :  18:38:20  Show Profile  Reply with Quote
melanie from IVA site has confirmed that this is correct and there is no provision to share a bonus between receiver and the creditors!

this seems quite unfair, especially if it is a performance related bonus! it does not give people the incentive to work hard!

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