HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post

 All Forums
 archive
 Forum Questions
 does your VAT get wiped out with bankruptcy ?

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize:
UserName:
Password:
Format Mode:
Format: BoldItalicizedUnderlineStrikethrough Align LeftCenteredAlign Right Horizontal Rule Insert HyperlinkInsert EmailInsert Image Insert CodeInsert QuoteInsert List
   
Message:

* HTML is OFF
* Forum Code is ON
Smilies
Smile [:)] Big Smile [:D] Cool [8D] Blush [:I]
Tongue [:P] Evil [):] Wink [;)] Clown [:o)]
Black Eye [B)] Eight Ball [8] Frown [:(] Shy [8)]
Shocked [:0] Angry [:(!] Dead [xx(] Sleepy [|)]
Kisses [:X] Approve [^] Disapprove [V] Question [?]

 
Check here to subscribe to this topic.
   

T O P I C    R E V I E W
ALLPUNCHEDUP Posted - 08 September 2010 : 10:23:43
does your VAT get wiped off with bankruptsy ? we are trading as a partnership , no LTD
9   L A T E S T    R E P L I E S    (Newest First)
debtinfo Posted - 09 September 2010 : 12:51:32
no, but if you put lots of money in there shortly before a bankruptcy that the trustee would claim it back
ALLPUNCHEDUP Posted - 09 September 2010 : 12:02:28
I f my kids had money in the bank or an isa would this be taken off them ?
Thanks for any help
ALLPUNCHEDUP Posted - 08 September 2010 : 17:39:59
can i put money into my childrens banks ( ill have to get them one ) or can i get them isas ect ?
debtinfo Posted - 08 September 2010 : 11:48:20
They wont take your childrens belongings, (or any reasonable belongings of your own) Thy will look at your trading records and any financial documents or statements that you have
ALLPUNCHEDUP Posted - 08 September 2010 : 11:04:05
What gets searched , for instance do they search your computer and do they take childrens belongings?
Reviva UK Posted - 08 September 2010 : 11:03:54
Also worth preparing for the reasons regarding the HMRC debt. if it is commensurate with the other debts that is OK but if it is substantially higher that the other debts the Official Receiver may look at the business closely and will want to know why those debts were unfairly treated.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
08454 751 851

Real People ..... Real Debt Solutions
debtinfo Posted - 08 September 2010 : 10:56:11
Nearly everything gets wiped of in banruptcy, there are a coupe of exceptions, CSA payments, student loans mag courts fines
ALLPUNCHEDUP Posted - 08 September 2010 : 10:46:05
Thank you , what wont get woiped off ?
debtinfo Posted - 08 September 2010 : 10:30:00
Your liability will get wiped for the VAT, if the other partner does not go bankrupt their liability would not be wiped, If all partners are going bankrupt and the business is ceasing to trade you can do a Form 16 partnership bankruptcy which covers everything in one go

bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06