do i lose my redundancy money ?

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tony.tt

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Post by tony.tt » Mon Aug 09, 2010 11:46 am
what happens if i get made redundant half way through my iva... do i lose my redundancy money
 
 

rayb

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Post by rayb » Mon Aug 09, 2010 12:08 pm
Hi Tony,

What would happen is you would be allowed to live on the money for around 6 months till you found work and then whatever is remaining would need to be handed over to your IVA Company.
 
 

plasticdaft

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Post by plasticdaft » Mon Aug 09, 2010 3:51 pm
You can use the redundancy money to help you until you find new employment. Make sure you keep your IP informed at all times.

Would the redundancy money be enough to offer a full and final on your debts?

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

MelanieGiles

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Post by MelanieGiles » Tue Aug 10, 2010 1:24 am
Are there any redundancy provisions written into your IVA proposal, Tony?
Regards, Melanie Giles, Insolvency Practitioner
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