All Forums  archive  Forum Questions  Should I declare BR or wait for proceedings ?

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by james2747[/i] [br]Hi. I am considering going BR. Lost my job last year and I have a number of debts, most of it Credit Cards and personal loans ... but also a few thousand pounds owing to the tax man. I'm unemployed and have very few assets (no home, renting only). I'm told Inland Revenue will commence bankruptcy proceedings against me if I don't pay (I can't pay as no income other than small pension). Would it be better to let them force me in to bankruptcy as I assume this will save me £600, or should I declare BR before it gets to that stage? [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.