Bankruptcy: Court Protects Personal Pension Rights

The contentious issue of whether a bankrupt's personal pension should be available to his creditors has given rise to a number of court decisions over the years. Many thought the issue had been put beyond doubt in 2000 when the Welfare Reform and Pensions Act removed most pensions from an individual's estate on bankruptcy although it was generally accepted that it was still possible for a court to make an income payments order over a pension in payment.

This position was confirmed and...