Bankruptcy Petition served
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AgentJR
Posts: 25 Forumite
I’m a sole trader with a recent Bankruptcy Petition issued by HMRC for £126k (the statutory demand period negotiations failed).
I’d initially hoped there was a ‘Form 440 Time To Pay’ alternative for this, but have failed to find anything.
Having resolved myself to bankruptcy, I have been told that they will make me bankrupt on the ‘petitioned amount’ which is only up to May this year so it won’t include amounts owed after this time.
If this is correct, can I apply before their hearing date to be made bankrupt myself, so that all their debts are included up to the now?
Any other advice would be appreciated.
A very scared enquirer.
I’d initially hoped there was a ‘Form 440 Time To Pay’ alternative for this, but have failed to find anything.
Having resolved myself to bankruptcy, I have been told that they will make me bankrupt on the ‘petitioned amount’ which is only up to May this year so it won’t include amounts owed after this time.
If this is correct, can I apply before their hearing date to be made bankrupt myself, so that all their debts are included up to the now?
Any other advice would be appreciated.
A very scared enquirer.
0
Comments
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Hi,
On the day that you are declared bankrupt, your bankruptcy debts will be all indebtedness on the day, which means the petitioning amount, any subsequent HMRC amount and any other provable debts that you owe to any other creditors.
DDDebt Doctor, Debt caseworker, Citizens' Advice Bureau .
Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***0 -
exactly- if you are resolved to it don’t waste any money doing it yourself - HMRC made me bankrupt and it makes no difference whether they do it or you do it yourself-0
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