DISCHARGED BANKRUPT, still in IPA period, made redundant

[robsred1]

Hello, I became bankrupt in December 2011, and have confirmed that I was discharged in Dec 2012. In June 2012 I was issued an Income Payment Agreement, under the terms of which I must pay £105 per month until June 2015. I have just been made redundant and am now ( temporarily I hope) unemployed. The redundancy payment made to me was £12k. My question is simply, is the redundancy money mine to keep, or, despite the fact I am discharged, is it still possible for the OR to claim some or all of this money ( the sum owed at bankruptcy was £37k )?

thanks

[f16]

Hi robsred1. Welcome to CAG.

 

My understanding of your situation is this.

 

You were "Discharged" in Dec 2012. (On condition that you paid £105 per month).

 

The £12k is yours. ..... But you still MUST pay the £105 per month until June 2015.

 

The rest is yours.

Regards F16