You are usually able to keep up to six months worth of redundancy to fund your normal household bills and hopefully, if you have another job then the rest will have to be paid over.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Yes I'm afraid so (less the 6 months) but depending on the sums involved you might find that there is enough to repay the balance of the debt, interest and costs in full leaving a surplus to come back to you.
