questions 1 -is my pension safe if i go bankrupt -pension not linked to bussiness that as failed---------------------------------------------------------------------2 can i access my lump sum and pension after the OR as anulled my BR (will my money be safe ----------------------------------------------------------3 i promised to pay any redundancy payment (if i got it) to some one i still owe money to (its in writing) would this agreement still stand if i got voluntary redundancy after BR annulled thanks.(sorry if its a bit confusing)
1) if the pension is inland revenue approved then it is safe. 2) You will be discharged from bankruptcy after 12 months (there is no annulment unles you pay all your debts in full). If the pension and lump sum are due after discharge they are safe.
3) All debts must be included in bankruptcy, irrespective of your signed agreement.
If you are made redundant whilst bankrupt the redundancy payment would go to the Official Receiver.
thankyou john,still slightly unclear if i volunteer fot redundancy after discharge is my pension and lump sum safe,and the agreement to pay my redundancy lump sum is it null and void if i take redundancy after discharge sometime in the future -sorry to be a pain -cheers
is my pension safe if i go bankrupt
Posted - 22 January 2009 : 22:57:17
