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 Hows long until HMRC making you bankrupt?
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bobi
Starting Member

49 Posts

Posted - 12 October 2012 :  21:09:56  Show Profile  Reply with Quote
Hi. Im self-employed.

Because of cash flow I own 17 K of self assesment tax and 13 K of VAT. Customers own me about 15 K..This tax is for 2011.I made a payment of 1 k on july and small payments august september.

Im wondering if or when HMRC take an action against me. I dont have any assets. My personal debt is about 10 K but managed quiet well.

Im thinking about volountary bankruptcy.I dont know .cant sleep. Money comming slow..and i have to act fast. HMRC dont agree anymore for time to pay.

Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 13 October 2012 :  07:15:39  Show Profile  Reply with Quote
Hi bobi, welcome to the forum.

Bankruptcy may be an option for you, they may not take action against you anytime soon though.

Speak to an expert for advice.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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