Questions you have before making a decision to go Bankrupt and the Bankruptcy process

Moderators: TalbotWoods, JaneClack

By SarahM
#4079 Hi,

Well....H and I are still trying to save the money to do the big B.
Still paying token payments to everyone we owe etc etc.
Bills etc are still up to date - thank goodness.

However, it was 'annouced' at wrk on Tuesday that I'm to be made redundant - along with 35 others!!!!!! :(

However - I've been there for 4.5 yrs so am expected to get about a 2.5k payout :)

Thing is..............if we do the big B before hand what happens to the money - will we be expected to give the OR some - or because it's a redundacy payout can we be allowed to keep it.

I guess I'm thinking whens best to do the deed - before or after the payout.


Thanks,

S.
ByDavidc
#4082
SarahM wrote:Hi,

Well....H and I are still trying to save the money to do the big B.
Still paying token payments to everyone we owe etc etc.
Bills etc are still up to date - thank goodness.

However, it was 'annouced' at wrk on Tuesday that I'm to be made redundant - along with 35 others!!!!!! :(

However - I've been there for 4.5 yrs so am expected to get about a 2.5k payout :)

Thing is..............if we do the big B before hand what happens to the money - will we be expected to give the OR some - or because it's a redundacy payout can we be allowed to keep it.

I guess I'm thinking whens best to do the deed - before or after the payout.


Thanks,

S.

I am sure I saw Simon post a time ago that anything over 13 weeks pay has to be offered up to the OR