ARTICLE · 03 NOVEMBER 2016

Insolvency And Your Pension

Mason Hayes & Curran LLP

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Mason Hayes & Curran LLP

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A recent Court of Appeal decision in the UK has ruled that individuals facing bankruptcy cannot be forced to hand over their pensions to pay off outstanding debts.

IrelandInsolvency/Bankruptcy/Re-Structuring

Stephen Gillick

Peggy Hughes

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A recent Court of Appeal decision in the UK has ruled that individuals facing bankruptcy cannot be forced to hand over their pensions to pay off outstanding debts. We examine the affect insolvency can have on your pension in this jurisdiction.

The recent UK Court of Appeal decision in Horton v Henry ruled that there was no requirement to draw down funds held in a pension in the event of bankruptcy. As a result of this decision, the UK legal system now appears to acknowledge that pension funds should be out of the reach of a bankruptcy trustee.

Insolvency in Ireland

If you are unable to pay your debts and don't think that you will be able to do so in the next few years, there are now four debt solutions which may help. The solutions available are:

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Insolvency And Your Pension

Insolvency in Ireland

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