Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
everycloud69
Posted - 19 May 2009 : 17:00:05 The Inland Revenue have presented me with a bankruptcy petition - Court date this Friday! I have left it so late, initially due to burying my head and secondly in an attempt to scrape the payment together. For the past two years I have been fighting a legal case with an ex-client (claim has been re-assigned to me personally) and they have finally agreed to mediate. This will take place in the next two months and provide a large settlement once resolved. The claimed amount is 400 times greater than the outstanding Inland Revenue Dept. I have all case documents, including the guarantee of mediation. My main concern is that; any mediation would be seriously jeopardised by my bankruptcy. I would go as far as to say; the offer of mediation would be withdrawn altogether. I would really appreciate some advice on the best way forward.... Would the Revenue / Court be willing to offer an extension based on this scenario, bearing in mind all out-standing debt would be taken care of following mediation. Alternatively, if BR were to progress, the chances of realising any funds at all would be extremely unrealistic. Many Thanks
1 L A T E S T R E P L I E S (Newest First)
Blackie
Posted - 20 May 2009 : 08:26:11 You have left it a bit late!
The only thing that I can suggest is that you attend the bankruptcy hearing on Friday and explain to the District Judge your position and request that the bankruptcy petition be set aside.
