tax rebate

saff4x4cosworth

we went bankrupt a week or so ago but are due a tax rebate, what would happen if i used this money without tellin the OR, to replace our car and to pay a big dentist bill (£900) for the wife, our car is falling apart and needs hundreds spendin on it.

thanks

JCS1

The tax rebate is likely to be paid straight over to the OR by HMRC.

If it did get paid to you and you spend it without talking to the OR first, then you have disposed of an asset and the OR may consider a BRO.

saff4x4cosworth

what is a bro please sorry, i am going to see the or on wed can i ask for the money or a proportion of it for the car and dentist?????

JCS1

Bankruptcy Restriction Order - it extends the BR restrictions from between 2 and 15 years.

Speak to your OR and see what they say.

saff4x4cosworth

ok will do thanks so the restrictions could increase from a year to 15 am i reading that right, our OR seems a bit of a ogre!!

confused76

saff4x4cosworth wrote: »

ok will do thanks so the restrictions could increase from a year to 15 am i reading that right, our OR seems a bit of a ogre!!

yes...

all you can do is ask...put your case forward and hope they think your request is reasonable

good luck

saff4x4cosworth

thanks alot guys!!!

iquit

good luck with or