Change of circumstances after bankruptcy

CrystalIzzy

Hi there

I went bankrupt in June and it has really made a difference to my life for the better. I dont have an IPA.

My ex-husband and I are getting back together and he has moved in with me. He has just come out of a bankruptcy. He has just been made redundant and is currently searching for work and registered with job centre. He has had a payout of approx £7k of redundnacy.
I work full time.

I obviously need to tell the OR about this, but I am really worried that a) they can take my husbands redundancy money or b) give me an IPA once he gets a job.

Any advice please??
Many Thanks

maxmycardagain

CrystalIzzy wrote: »

Hi there



I obviously need to tell the OR about this, but I am really worried that

a) they can take my husbands redundancy money
b) give me an IPA once he gets a job.

Any advice please??
Many Thanks

a) has he been discharged?
b) his work/pay isnt 100% included in your IPO (if any)

CrystalIzzy

Yes he was.

peachyprice

If he has been discharged they cannot take his redundancy to put towards your redundancy.

You will have to fill in another IPOQ which will take into acount your increased outgoings, and your OH's income. If your suplus is over £99 (highly unlikely if OH is only on JSA) then yes, you would have to pay an IPA.

CrystalIzzy

Thanks Peachyprice, that's what I thought. I am more worried about his bankruptcy money being taken away from him, but judging from the advice this should be safe.
He is looking to go self employed and start up his own business, using his redundancy money, it may be some time before he actually earns anything though. I dont know how it will work advising OR of his income when he is just starting up and not knowing how much he will earn??

fiveyearplan

His redundancy money is safe because he is already discharged. It is unlikely he will be earning much with his self employed business before your discharge if he hasn't even received his redundancy money yet. When is he due to receive the money?