| T O P I C R E V I E W |
| jack65 |
Posted - 17 April 2008 : 14:31:47
Ok, so ive decided to go down this route after much soul searching and now ive started to complete the forms on line but need a little help with a couple of things..2 years ago myself and business partner set up a Limited Company and after a year we went our seperate ways..Does this mean i was self employed ?? We payed ourselves dividends but not sure if technically we were self employed or not..Secondly i need to know how deep they dig on the gambling front!! I havent gambled for a year but wouldnt have a clue how much i lost in the previous year..If i show a nominal amount say £500 will they investigate further??
Im getting quite stressed now and am worried that its all going to end in tears...mine!! |
| 7 L A T E S T R E P L I E S (Newest First) |
| Helpful Advice |
Posted - 18 April 2008 : 22:07:50
Hi Jack,
I agree with Paul I putting things off can sometimes make them worse, as paul mentions I think you should talk through your options with an expert.
Kind Regards,
Brett England
Bankruptcy Specialist
England,Jackman & Spacey
WebSite www.ejands.co.uk
View my personal story & blogs at:
http://brettengland.blogs.bankruptcyhelp.org.uk/ |
| Reviva UK |
Posted - 18 April 2008 : 21:41:48
Hi
Sounds like you need to chat through the options with someone to help you weigh up the pro's and con's of declaring now.
From my experience there is little point putting off the right solution as it only manages to waste some of your valuable life.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
| jack65 |
Posted - 18 April 2008 : 11:46:41
This is all making me feel like i should wait until the 2 years is up and then my gambling and previous job wont enter into the situation...My gambling was a major impact on debts although i was earning £20k a year more 5 years ago than i am now so that and being without work for 6 months hasnt helped..Truth is that i could afford to gamble big before but once i lost my job it just got out of hand..My total debts are about 18k and i cant afford to lose my job because of going br because i have finally sorted my gmabling out..i dont hold any shares or directorship of company i left a year ago..Feel like ive taken one step forward and 3 back!!! |
| JulianDonnelly |
Posted - 18 April 2008 : 10:56:06
Hi Jack,
Enter the details of your directorship on the statement of affairs and explain the details as above.
Did you have a shareholding in the company?
As far as the Gambling issue is concerned as Melanie says just be honest, is the £500 realistic or is it a great deal more than this, try and come up with a ball park figure.
In relation to your level of debt what percentage of the debt is in relation to gambling?
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| jack65 |
Posted - 18 April 2008 : 09:38:27
I was a director of the company and it is still trading..I agreed to leave after a fall out...I have no financial involvement in it at all..As for the gambling i havent gambled for 12 months but having spoken to someone who was in a similar position i am worried that when OR writes their report for all to see that my new employers will see that gambling was an issue which may affect my job..I cant carry on as i am but just dont want to mess this job up as its been a fresh start for me.. |
| AlanO |
Posted - 17 April 2008 : 22:55:38
Hi Jack,
With regard to the company as Melanie says the key is whether it is still active - if so are you still a director and do you still hold shares.
On the gambling it really is down to the magnitutude of loss and whether this had an impact on your debt situation. The relation back period is 2 years.
Always best to talk with the experts and usually they will provide free advise
All the best
www.debtdr.co.uk |
| melanie_giles |
Posted - 17 April 2008 : 18:33:06
If you were not an employee of the limited company then you would be deemed to have been self-employed. Has the company been struck off the register yet?
With regard to gambling, just be honest about this and estimate the amount that you have spent on this activity for the purposes of your forms.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
