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 Hi I am seriously considering bankruptcy
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Eoin.en
Starting Member



2 Posts

Posted - 30 March 2011 :  14:22:38  Show Profile  Visit Eoin.en's Homepage  Reply with Quote
Hi
I am seriously considering bankruptcy to draw a line under my debts. Having been self employed I have both personal and some business debts. I have buried my head in the sand and do not have a comprehensive list of debts / creditors etc Most of my business related paperwork where destroyed in a flood.
Just wondering about the statement of affairs? What happens if you dont disclose a debt on it? Also will tax and vat debts be covered by bankruptcy? Can probably find personal debts through equifax or similar but that will be frightful reading!!!!

Richard P
Senior Member



United Kingdom
1701 Posts

Posted - 30 March 2011 :  15:18:19  Show Profile  Reply with Quote
HI Eoin

yes try to list everything (equifax is good call) if you miss a creditor it can be added at later stage.

I suspect the Official receiver would get grumpy if you forgot to enter a major creditor but you can only do the best you can.

VAT & TAX can be included.

are you going to continue trading after BR ?

was it a LTD company ? if LTD company i would direct you to contact one of the experts soonest (Tab to the left)

Good Luck Richard,
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Eoin.en
Starting Member



2 Posts

Posted - 31 March 2011 :  08:46:01  Show Profile  Visit Eoin.en's Homepage  Reply with Quote
Hi Richard
Many thanks for your response.
I also have a couple of ccj and one pending would BR cover these also? No enforcement action has followed the existing ccj.
Business was sole trader status


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