I'm not sure what to do about accepting redundancy

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by Sarah.07 » Thu Mar 23, 2017 7:31 pm
I'm in the final 8 months of my Iva,I have been on a 3 month payment break due to ill health and only getting ssp.My employer now wants to give me 4 weeks notice in lieu of payment and 4 weeks redundancy as part of a conversation without prejudice.If I accept I am worried about being made bankrupt I believe I can pay £50 pcm instead of £188.Im not sure what to do or say to my Iva provider?
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by Foggy » Thu Mar 23, 2017 8:02 pm
Normally in redundancy you are allowed to keep 6 months salary equivalent before paying anything over. I would have a word with your IP and discuss making a full and final offer based on payments made to date as you are so close to the end.

Do you own your home or rent ?
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Michael Peoples
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by Michael Peoples » Fri Mar 24, 2017 10:12 am
You should consider legal advice regarding your employment situation and the CAB would be a good start. As to the IVA I agree with Foggy that closure now seems the best way forward based on payments made to date.
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