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T O P I C    R E V I E W
mariaofkensington Posted - 05 September 2008 : 19:35:07
Hiya,

I just had a back payment of Housing Benefit of £1008 and this has swelled my bank account to just over £2100. I had planned to pay next months rent (due 19th) of £866 anyway, plus I need £345 for the fee and I should clear off my recent spending on my one clean CC (about £100). The question is, can I take the rest out in cash for a rainy day? If not could I pay an extra months rent with it, as knowing the council, it will take a while until I start receiving HB into my new account after I go bankrupt. I owe about £30k personally.

Also, I have a ltd company which hasn't traded since april 2007. It has 2 full years accounts outstanding and I estimate, about £6k would be owing in corporation tax because of dividends I took back then, plus maybe £4k in leased computer equipment the company defaulted on. How will this be handled? Will it just be put into liquidation or will I have to find the money to put it into liquidation? I'm also unsure if I have to fill out section 2 (business details) of the petition as this talks about self-employment, where as I was an employee of my own company which is not exactly the same thing.

Thanks in advance for your help.
1   L A T E S T    R E P L I E S    (Newest First)
JulianDonnelly Posted - 06 September 2008 : 14:15:05
Hi Mariaofkensington,

I would suggest that as there is a corporate entity attached to your situation that you have a chat with one of my colleagues on the helpline who should be able to point you in the right direction.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367

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