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considering bancrupcy

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  • Part or all of your pension may be claimed by your trustee in bankruptcy, whether you are receiving it now or it is due in the future. This include company pensions and personal pensions, but NOT your state pension or state second pension (S2P, SERPS).

    They can also get hold of your lump sum.

    The follwoing website will provide you with some pension related info:
    http://www.insolvencyhelpline.co.uk/bankruptcy/what-will-happen-to-my-pension.htm#pension1

    I would make sure you know ALL the facts before you consider declaring yourself bankrupt.
  • Ditherin dad is only partially correct. Court orders, student loans, etc cannot touch your pension payments, but bankruptcy can.

    If I were you I would get proper advise from professionals, not the well meaning amateurs on this website (including me).
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