old bankrupty can i still have my pension

alisonnpaul

I went bankrupt in jan 07 with a lloyds loan among other creditors
At the time i had a frozen pension fund with lloyds it matures in around 7 years it was only worth around the 4k pound mark but i'm wondering am i still entitled to it when the time comes
im currently 43 but thinking towards my pension pot

sourcrates

Hi,


Of course you are entitled to your pension.


You only lose entitlement to a pension if you were entitled to receive it at the time of your bankruptcy, it would then of been used to benefit your creditors.



As this was not the position in your case, your pension is quite safe, and you will be able to access it as normal.

debt_doctor

Hi,

If your bankruptcy had been prior to 29th May 2000, you would have lost all of your pension when it became available to you (usually aged 55). Still today (infact I actually dealt with one today!) people who were bankrupt more than 18 years ago are losing pensions they held at the time of their bankruptcy.

For bankruptcies after 29th May 2000, virtually all pensions are safe, and are not taken as assets. Anyone in receipt of pension payments during bankruptcy will not lose their pension, but any income from it could form part of an IPA (subject to the normal rules on IPAs)

DD