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Redundancy whilst in IPA

lala9
lala9 Posts: 686 Forumite
Part of the Furniture 500 Posts Combo Breaker
in Bankruptcy & living with it
Hi

I'm facing redundancy, probably the end of this month. I was declared bankrupt in Sep 11 and discharged in Sep 12 and subject to an IPA which I am still paying and it ends in Sep this year.

Can any of you advise what is likely to happen with regards my redundancy pay? Do I get to keep it or not??? Have any of you on the board experienced this?

Thanks in advance...

Comments

  • alastairq
    alastairq Posts: 5,030 Forumite
    You will need to inform the OR of your change of circumstances....which might result in ceasing IPA payments altogether?
    No, I don't think all other drivers are idiots......but some are determined to change my mind.......
  • lala9
    lala9 Posts: 686 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Do they no longer have an interest in any windfalls I might gain?
  • luvchocolate
    luvchocolate Posts: 3,487 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    I think they do have an interest in redundancy. If you go on the insolvency service website there is a section on this subject
  • Polly_Wolly_Doodle
    Polly_Wolly_Doodle Posts: 1,004 Forumite
    Ninth Anniversary Combo Breaker Debt-free and Proud!
    In Scotland I was told anything over the basic statutory redundancy payment would be the trustees. Same circs as you, discharged after the year but still under an IPA.
    Good luck.
    Weight: need to lose 71lbs - lost to date 0lbs
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