Bankruptcy, work shares and compulsory overtime

1) For the shares are they 'vested'? IE allocated to your husband at a fixed price with him having the option later to purchase them at said price (with the 2-year sale restriction) regardless of whether the company has floated or not. Or do they have they any real value today? If they have any real value the OR has the right to ask for them to be sold and the money paid into the estate.

2) For the overtime, the OR has the right to claim any additional income regardless if it's a one-off or regular. This would be discussed in the interview and needs to be declared when you complete the statement of income as part of the process.

For a bit of real-world experience, I am discharged, have an IPA and every time I receive 'additional income' for overtime, I have to declare it. The solicitors dealing with my IPA then discuss with the OR the additional income amount to be repaid which is normally a very large proportion of the declared amount. However, bear in mind it's on a case by case basis.

The best bit of information I ever received was the statement 'The OR are here to help you reset your financial status, reclaim reasonable amounts back into your estate but NOT make your life so financially difficult that you are in a worse position than before the bankruptcy'

Hope this helps