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T O P I C R E V I E W
Matt.79
Posted - 26 August 2012 : 17:37:11 Hello, I am currently a PhD student with an income of £1200/month in London. However I have a large amount of debt, over £25,000 and have written to the creditors who at present are taking just £1/month from my account. I now have been issued with a £1600 tax bill and cannot afford to pay it. I was wondering if bankruptcy would be the best option, supposing I remain a PhD student for the next 3 years.
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Niobe
Posted - 26 August 2012 : 17:48:12 Hi and welcome to the forum.
BR is certainly something you could think of and it would wipe out your tax debt.
Can I ask why you have this tax deficit as you don't earn an awful lot and tax should have been deducted at source if you have a job?
