We are in a joint IVA. Will my partners redundancy money be taken ?

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vaughan

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Post by vaughan » Fri Aug 22, 2014 2:12 pm
Hi were in joint iva my partner has been made redundant will iva take redundancy money?
 
 

Foggy

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Post by Foggy » Fri Aug 22, 2014 5:38 pm
They generally allow 6 months salary to be kept and the rest goes into the IVA. But this will depend what it says in your partners own agreement about redundancy.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

vaughan

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Post by vaughan » Fri Aug 22, 2014 9:53 pm
Hi thanks for reply, it does say redundancy payment equal to 6 months wages can be kept, will the take this include the payment in lieu of notice too, or just the redundancy money, the latter we hope!#128183;
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