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 Left with house and debts I don't know what to do about tax bill. Grateful for any advice.
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navel1
Starting Member



United Kingdom
3 Posts

Posted - 13 November 2016 :  17:31:13  Show Profile  Reply with Quote
hi,
I separated in 2013 was left with the house and all the debts which has had adverse problems with my self employment trying to balance money and bills with cash flow problems from clients now to top it all off just got tax bill of 20k for jan payment not sure what to do any advise will be grateful.

Niobe
Administrator



United Kingdom
4582 Posts

Posted - 13 November 2016 :  17:44:40  Show Profile  Reply with Quote
Hi and welcome,

Sorry to hear of your problems.

Do you still have debts with the house? You could consider bankruptcy but I would suggest you take some legal advice. You could either speak to CAB, or a reputable company. Try Vincent Bond (details on Google) for some free advice.

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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navel1
Starting Member



United Kingdom
3 Posts

Posted - 13 November 2016 :  17:51:06  Show Profile  Reply with Quote
quote:
Originally posted by Niobe

Hi and welcome,

Sorry to hear of your problems.

Do you still have debts with the house? You could consider bankruptcy but I would suggest you take some legal advice. You could either speak to CAB, or a reputable company. Try Vincent Bond (details on Google) for some free advice.

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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navel1
Starting Member



United Kingdom
3 Posts

Posted - 13 November 2016 :  17:56:27  Show Profile  Reply with Quote
hi Niobe
I have outstanding mortgage of 35k two loans one of 67k and 11k all of which I pay myself.
thanks
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Niobe
Administrator



United Kingdom
4582 Posts

Posted - 13 November 2016 :  21:51:23  Show Profile  Reply with Quote
Sorry - been watching films!!

How would you feel about declaring bankruptcy?

I would certainly seek some advice unless you can afford to keep the payments up yourself.


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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