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 Does person need failing business to declare br ?

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T O P I C    R E V I E W
Gary.cc Posted - 04 January 2011 : 22:54:36
does a person need a failing business to declare bankrupcy or can i declare bankrupcy on my private life through mounting debts?
2   L A T E S T    R E P L I E S    (Newest First)
Bigal4787 Posted - 05 January 2011 : 13:21:01
Hi Gary,
is your business as a sole trader, or a company? as gettingoutofdebt said you don't need a failing business to do so, hence my question as to whether it's sole trader or a company.

Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.

If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
gettingoutofdebt Posted - 05 January 2011 : 07:10:15
You can declare BR for your private debts and not include the business.

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