Author Topic: Bankruptcy  (Read 21915 times)

Pully

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Bankruptcy
« on: Apr 09, 2017, 06:56:38 PM »
help!   I went bankrupt in 1999, 3 years later I was released from it. They took everything bar one pension which I was told they didn't touch due to it being of such low value. This pension is now worth over 10k and when I tried to claim it this year I was told by the pension holders that the law firm 'Gowling' were claiming the pension to pay my creditors.....can they do this? Any advice would be appreciated  :-\

Lisa Thomas

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Re: Bankruptcy
« Reply #1 on: Apr 10, 2017, 03:15:12 PM »
Hi


I suspect at the time of your Bankruptcy your pension was indeed an asset of the Bankruptcy estate and your Trustee would therefore be entitled to claim this for the benefit of costs and creditors of your Bankruptcy.

Pensions only became exempt in Bankruptcy petitions after May 2000.

You can find more information by looking at the insolvency direct website on the internet (i can't paste the links on this forum, sorry)
www.Nevilleco.co.uk 01752 786800

Pully

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Re: Bankruptcy
« Reply #2 on: Apr 10, 2017, 07:23:56 PM »
Thank you for taking the time to reply, much appreciated. I'll check out the site you've mentioned  :)