We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Being made bankrupt by the vat man!

13

Comments

  • mellersh
    mellersh Posts: 73 Forumite
    My husband was served the statutory demand to make him bankrupt nearly 6 weeks ago he was told by the server that he would recieve the summonds 21 days later and he hasnt heard anything.He knows they will go ahead with the order (customs and excise)but what should he expect when he goes to court and after he has no assets.
  • mellersh
    mellersh Posts: 73 Forumite
    can anyone help is it true that when made bankrupt by HMRC that when you die they will take you life insurance .Also what happens if you carry on working after being made bankrupt .We are both in our sixties and all this worry is making us ill .Thanks
  • JCS1
    JCS1 Posts: 5,336 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    mellersh wrote: »
    can anyone help is it true that when made bankrupt by HMRC that when you die they will take you life insurance .Also what happens if you carry on working after being made bankrupt .We are both in our sixties and all this worry is making us ill .Thanks

    Hi - have posted a response on your other thread regarding life assurance.
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    JCS1 wrote: »
    Hi - have posted a response on your other thread regarding life assurance.

    Here: https://forums.moneysavingexpert.com/discussion/2523599

    Sorry. Should have posted that I copied that post into a new thread so it would be more likely to get a response. Got sidetracked.... :o
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • JCS1
    JCS1 Posts: 5,336 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    fermi wrote: »
    Sorry. Should have posted that I copied that post into a new thread so it would be more likely to get a response. Got sidetracked.... :o

    I know that feeling well! :p

    Is it possible to add a bit about life assurance to one of the sticky's at the top of the page? It tends to be a question that pops up a quite a bit.
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    I know. Gotta sort out a way to get more info onto the stickies without taking up half the board? :undecided
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    you could put them in really tiny font
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    debtinfo wrote: »
    you could put them in really tiny font

    :rotfl::rotfl:
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • curly04
    curly04 Posts: 7,247 Forumite
    What about a general Sicky with loads of information with links inside that take you to the tread that you need?
    Total Weight Loss - 28lb and counting
    AD 17/11/2010
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    curly04 wrote: »
    What about a general Sicky with loads of information with links inside that take you to the tread that you need?

    Was thinking of something like that.

    e.g. a thread with one post with bank account info, one with info about IPAs, another with info about ED, another with all the info about how vehicles are dealt with, etc... etc...

    Then have at the start an index post with links to each part/post.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture