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T O P I C R E V I E W
Robert.j
Posted - 24 July 2015 : 22:34:03 I owe 50 grand to the tax man. I am 70 years old and have no savings and own a third of a property. I get £600 per month pension and at the moment pay £500 to tax man I can no longer afford to do this can I file for bankruptcy??
Thank you
3 L A T E S T R E P L I E S (Newest First)
Viki.W
Posted - 25 July 2015 : 15:13:27 If there are no other debts then your share of the equity is more than your debt so you're not insolvent so therefore can't declare bankruptcy.
Have you spoken to HMRC to say you can't afford payments?
