redundency payment

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barry.g

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Post by barry.g » Wed Apr 02, 2008 3:38 pm
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regarding a redundency payment if i get a job fairly quickly can i pay of just the remaining 3 years i owe or will i be expected to make an increased offer
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rayb

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Post by rayb » Wed Apr 02, 2008 3:57 pm
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I presume you are in an IVA currently?? I think your redundancy would be treated as a windfall and would have to be paid over.

I am sure an expert will be explain further
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MelanieGiles

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Post by MelanieGiles » Wed Apr 02, 2008 9:55 pm
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Yes - Ray is correct. If you get a new job relatively quickly the remaining redundancy money will form a windfall.
Regards, Melanie Giles, Insolvency Practitioner
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