I should add, that I won't be actively putting my hand up for Voluntary Redundancy, but circumstances might mean I have too, unless I'm made compulsary redundant. My job is also pretty unique and it's unlikely I'd find a job in the same skill in the near future.[:(] It's also in Financial Services and I'll no doubt be credit checked in any new role - which will go against me considering my TD being on my records.

Welcome to the forum leeper1974.

I'm afraid that it's likely that the non-statutory element of a redundancy payment would need to be paid into the trust deed to help repay your creditors. No harm in talking this through with your Trustee though.

This may be advantageous in some ways if any new employment were to result in a significant drop in earnings, as the size of the lump sum would apparently more than offset any loss in ability to make the expected monthly trust deed payments.

Thanks for your advice, I'll speak to my Trustee closer the time I know what's going on - I'm going to try and hang on - I'm going to try and stay at my employer so will see what other opportunities arise as apparently they are trying to avoid CR.