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Bankruptcy Advice:

What happens to your pension in Bankruptcy?

A trustee cannot usually claim a pension as an asset if your bankruptcy petition was presented on or after 29 May 2000, as long as the pension scheme has been approved by the Inland Revenue.

For petitions presented before 29 May 2000, trustees can claim some kinds of pensions. A separate publication called “What will happen to my pension?” is available from your local Official Receiver’s office or The Insolvency Service Publications Order Line.

If you are receiving a pension or become entitled to do so before you are discharged, the pension is included as income for the purposes of an income payments order (IPO).

To find out more information please see the following publication: What will happen to my pension? Insolvency Service

This page last update: 12 Nov 2007, 07:53:15
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