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Raithatha (as Trustee in Bankruptcy of Michael Roy Williamson) -v- Williamson.

 

This ruling was to be appealed but has now been settled, which means the original ruling stays as the authority.

 

Effectively the Trustee in Bankruptcy will have the same rights as a the debtor to draw down the 25% out of the pension fund in accordance with its Rules for the benefit of creditors.

This is something to consider if you are or going to be 55 within the period of your bankruptcy.

raithatha_v_williamson

Paul Thomas trades as TISolutions - FCA license FRN 686104

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