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 bankruptcy postbag for july
 will tax rebate go to the OR?
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j.r
Junior Member

170 Posts

Posted - 12 July 2008 :  12:13:19  Show Profile  Reply with Quote
i was made bankrupt in june this year then in july got a tax rebate which was for 2007/2008 tax year.Will this go to the OR.
MANY THANKS

Porcorosso
Junior Member

United Kingdom
235 Posts

Posted - 12 July 2008 :  16:34:19  Show Profile  Reply with Quote
One of the experts will be able to tell you for certain but it may be that you have to pay the monies to the OR, however as the rebate relates to a period outside your actual BR then you might get to keep it. Is your current tax code NT?

Not the best time to be self employed!
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John
New Member



United Kingdom
73 Posts

Posted - 12 July 2008 :  17:04:45  Show Profile  Reply with Quote
Hi jr

I'm afraid you do have to inform the OR and he is almost certainly going to ask for the proceeds.
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Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 13 July 2008 :  21:15:21  Show Profile  Reply with Quote
You will also have signed 2 forms shortly after the br - sent by the OR's office.

The first one gives the OR authority to speak to the Tax office and see if you are due a rebate.

the second form incorporates the purjery act

the right thing to do is not spend the money and let them know asap. They will see this as positive behavour from you and will put you in a better position re early discharge etc - as you have cooperated with the OR.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com
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melanie_giles
Senior Member



1191 Posts

Posted - 13 July 2008 :  22:21:14  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
It is likely that the rebate will be sent to the OR directly in any case, but it is rightly payable to the Trustee as a debt due to you at the date of the bankruptcy order.

For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 14 July 2008 :  11:57:59  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
I concur!

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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