I have just been informed today that I may am at risk of redundancy in the next couple of months.Nothing definite as yet.
What I need to clarify is that I am due to be discharged on sept 11. If i can ask my company to delay the official date until after sept 11 can the OR take any of the money ?
I have 25 yrs service and the other question is what happens to my pension.?
"The official receiver must be satisfied that the amount claimed as after acquired property does not include any amount payable in respect of wages which should be regarded as income and be taken into consideration in respect of any IPA/IPO"
As you will still be in an IPA when you receive the redundancy, regardless of whether you receive it post-discharge or not, you will need to inform the OR as this will be a change to your income.
It looks like the OR may be able to claim some of the redundancy as it will be received in respect of wages.
Will you be receiving a lump sum from the pension or will pension payments be starting once you are made redundant?
hello i have been reading the posts by sue ann regarding my problem as she has had the same thing happen.Please if u are reading this could you post your experience.thks
Redundancy near end of bankruptcy
Posted - 20 July 2009 : 18:59:47
