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 can I put this debt on my bankruptcy ?
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jud
Starting Member



5 Posts

Posted - 05 November 2008 :  21:28:27  Show Profile  Reply with Quote
I hope you can answer my question, I was working as self employed and as the business finished I still owned an employee wages this then went to tribunal and has spiralled from £800 to £8000 that I now owe, can I put this on my bankruptcy as I am responsible for the debt or is it classed as a business debt

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 05 November 2008 :  23:26:52  Show Profile  Reply with Quote
Hi there

If you were self employed then your personal debt is exactly the same as your business debt and all will be included in your Br

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK

For a Free Impartial Review before taking the leap call me @ Reviva UK
www.revivauk.com
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John
New Member



United Kingdom
73 Posts

Posted - 05 November 2008 :  23:30:21  Show Profile  Reply with Quote
Hi

I think you'll find the debt will be included in bankruptcy. That said, if the OR were to be able to realise funds from your estate by way of sale of assets or an Income Payment Agreement the ex employee may well be treated as a preferred creditor by which I mean his/her payment may be considered a priority over the rest of the creditors.
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jud
Starting Member



5 Posts

Posted - 06 November 2008 :  00:00:42  Show Profile  Reply with Quote
Thanks for the info, and I will add it and see what happens tomorrow
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Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 06 November 2008 :  08:27:04  Show Profile  Reply with Quote
Good luck Jud, do let us know how it all goes.

Take care

Jo

x


For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:

Jo's Links and added info on Bankruptcy!


http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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