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 Would bankruptcy clear my tax bill?		  New Topic  Reply to Topic
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Ann.46
Starting Member



1 Posts
Posted - 18 September 2015 :  08:05:19  Show Profile  Visit Ann.46's Homepage  Reply with Quote
Would bankruptcy clear my tax bill?

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 18 September 2015 :  08:25:15  Show Profile  Reply with Quote
Hi and welcome,

How much is the bill for?

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 19 September 2015 :  09:49:19  Show Profile  Reply with Quote
Hi Ann,

If you're insolvent then bankruptcy may be an option for you and yes it can cover tax debts, but we need a bit more info re your situation.

Please feel free to post on here or chat to an expert for some 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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pcoventry2
Junior Member

230 Posts
Posted - 10 October 2015 :  12:03:27  Show Profile  Reply with Quote
quote:
Originally posted by Ann.46

Would bankruptcy clear my tax bill?


http://www.nidirect.gov.uk/tax-and-other-debts-owing-to-hm-revenue-and-customs

HMRC will make you bankrupt if you don't pay them within the 21 days after they serve you.

At least it wouldn't cost you if they did. I don't think people pay if a creditor makes them bankrupt?
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 10 October 2015 :  12:11:55  Show Profile  Reply with Quote
If you are bankrupt then you do not have the money to pay the creditors.

It would be good if the OP came back to us and let us know how she is getting on.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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pcoventry2
Junior Member

230 Posts
Posted - 13 October 2015 :  22:55:32  Show Profile  Reply with Quote
I agree

I meant the £705 to the court
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 14 October 2015 :  09:03:40  Show Profile  Reply with Quote
No, the costs would be borne by the creditor which is why not many creditors do it as it costs them a lot more than £705

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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