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T O P I C R E V I E W
jud
Posted - 05 November 2008 : 21:28:27 I hope you can answer my question, I was working as self employed and as the business finished I still owned an employee wages this then went to tribunal and has spiralled from £800 to £8000 that I now owe, can I put this on my bankruptcy as I am responsible for the debt or is it classed as a business debt
4 L A T E S T R E P L I E S (Newest First)
Needafriend
Posted - 06 November 2008 : 08:27:04 Good luck Jud, do let us know how it all goes.
Take care
Jo
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Posted - 06 November 2008 : 00:00:42 Thanks for the info, and I will add it and see what happens tomorrow
John
Posted - 05 November 2008 : 23:30:21 Hi
I think you'll find the debt will be included in bankruptcy. That said, if the OR were to be able to realise funds from your estate by way of sale of assets or an Income Payment Agreement the ex employee may well be treated as a preferred creditor by which I mean his/her payment may be considered a priority over the rest of the creditors.
Reviva UK
Posted - 05 November 2008 : 23:26:52 Hi there
If you were self employed then your personal debt is exactly the same as your business debt and all will be included in your Br
Paul Johns Assisted Bankruptcy Specialists Reviva UK
For a Free Impartial Review before taking the leap call me @ Reviva UK www.revivauk.com
