Bankruptcy: Help and advised needed please!!!!!!

So_Sad_Angel

Hi JKM & welcome.

My concern is for your Mums pension. Is she entitled to a lump sum at the time she starts to draw on the pension?

If so does anyone know what the implications are for this if the potential 25% lump sum pension drawdown becomes available within the 3 years...this is assuming an IPA is imposed. Will the OR be entitled to a cut of it?

I know pensions are usually exempt when they cannot be drawn upon but in this case it will become available within the IPA term.

Angiex

JKM_3

Hi So Sad Angel,
Yes she is and the IVA wanted to take half of it although she has said if this is the case she will work the extra months to make the 3 year span, do you think this will be acceptable?

thanks for your advise beenthere, she works in a lab so doesnt need a suit but she has to pay professional fees to the institute and health professional council