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T O P I C R E V I E W
Eoin.en
Posted - 30 March 2011 : 14:22:38 Hi I am seriously considering bankruptcy to draw a line under my debts. Having been self employed I have both personal and some business debts. I have buried my head in the sand and do not have a comprehensive list of debts / creditors etc Most of my business related paperwork where destroyed in a flood. Just wondering about the statement of affairs? What happens if you dont disclose a debt on it? Also will tax and vat debts be covered by bankruptcy? Can probably find personal debts through equifax or similar but that will be frightful reading!!!!
2 L A T E S T R E P L I E S (Newest First)
Eoin.en
Posted - 31 March 2011 : 08:46:01 Hi Richard Many thanks for your response. I also have a couple of ccj and one pending would BR cover these also? No enforcement action has followed the existing ccj. Business was sole trader status
Richard P
Posted - 30 March 2011 : 15:18:19 HI Eoin
yes try to list everything (equifax is good call) if you miss a creditor it can be added at later stage.
I suspect the Official receiver would get grumpy if you forgot to enter a major creditor but you can only do the best you can.
VAT & TAX can be included.
are you going to continue trading after BR ?
was it a LTD company ? if LTD company i would direct you to contact one of the experts soonest (Tab to the left)
