I can't see any reason why such a payment could not form part of the assets available for distribution, but it would be necessary to look at the financial position as a whole and not just the redundancy payment.
Thanks Mike. Its a VERY complicated situation ... the old chestnut- get made redundant, decide to get divorced, get a job abroad so need to set up a new life over there... and did I mention the two kids ? Pretty standard. The ex has no job currently either.