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Possible Redundancy

PAGE120 Posts: 2 Newbie

Second Anniversary

1 March 2021 at 2:20PM in Bankruptcy & living with it

Hi
Hoping someone can help
I am discharged from bankruptcy and have 9 IPA payments left to pay
Possibility of redundancy looming at work , will I be able to retain my pay out now am discharge ?
Thank you
Rachel

0

Comments

Sonic101 Posts: 151 Forumite

1 March 2021 at 2:25PM

If your circumstances (income) changes before the IPA ends, you should alert the company collecting the payments. The IPA can be adjusted or stopped accordingly.

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Minkym00 Posts: 791 Forumite

1 March 2021 at 8:47PM

A redundancy payment is not income, it’s compensation for loss of earnings.

Now you are discharged it is yours and cannot be claimed.

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