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Bankruptcy and work bonuses

I have been bankrupt for a month now and I have just found out that I will be receiving a minimal bonus. Will this be taken by the official receiver? The bonus is 4% of yearly income. I will be lucky to receive £260.

Comments

  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    you will have to tell the receiver BUT who knows for such a low (ish) ammount they might allow you to keep it
    We all die. The goal isn't to live forever, the goal is to create something that will
  • Thanks for that. Do I tell them before receipt of bonus? it is still a few months off.
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    you have 21 days to inform the receiver of any financial change....tell them when you receive it n& hopefully thwy "may" let you keep it seeing as its a low ammount & a one off
    We all die. The goal isn't to live forever, the goal is to create something that will
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