Bankrupcty

barneygtl

Hi
I need advice desperately I'm looking to go bankrupt but I owe money to HMRC in the excess of 62k for overpaid Child Tax credits and working tax that's without mortgages and other debts, can someone advice on what to do, costs where do I go extra.
barneygtl:(

IF

Hi barneygtl and Welcome to the Bankruptcy (BR) Board. First step is to make a list of all your creditors, debts and assets. Secondly and most important is contact one of the following debt charities. Please try these they don't charge and are impartial. They will go through all your options with you and if they suggest bankruptcy then come back to this board and we will help you all we can. Also if your not ‘clicking’ with one of the Debt charities do try another. We advise you to try at least two others for your own piece of mind. Your BR could be refused if you have not sought advice.

* Blue text on this forum usually signifies hyperlinks, click on the blue links below *

Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• Consumer Credit Counselling Service - Website: CCCS Telephone: 0800 138 1111

Others:

• Business Debtline
  - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Please don’t do anything rash take your time and weigh up your options and read everything you can.

We often ask you to post your SOA so we can see if you have included what you need to:-
MSE SOA Calculator - Click here
Select the MSE format at the end. Copy and paste onto your thread.

For ‘essential’ BR info the ‘Look here first’ sticky by Fermi.

BR friendly home insurance thread.

BR Friendly bank accounts sticky.

BR Abbreviations

Bankruptcy NDL Guide

Basic Bankruptcy Advice & Guide NED CAB

If you are new/old to this board and receive/see a comment that is not helpful or insensitive please don’t let it put you off posting, often these comments are made by people who don’t normally contribute to this board and don’t speak for us.

What to do if you get an insensitive or hurtful comment.

And do remember we’ve all been through this and anything you don’t understand don’t be afraid to ask.


Best wishes
If...x

kation

barneygtl wrote: »

Hi
I need advice desperately I'm looking to go bankrupt but I owe money to HMRC in the excess of 62k for overpaid Child Tax credits and working tax that's without mortgages and other debts, can someone advice on what to do, costs where do I go extra.
barneygtl:(

Is that £62,000 in overpaid Child Tax Credits and Tax Credits or does that include Income Tax as well?

If so, that would look like a huge over-payment of means-tested benefits and would imply some sort of multi-year 'fraud'. Fraud wouldn't be covered by BR...

barneygtl

No its not income tax??? My husband left me with three kids so I claimed child and working tax, because we were never legally separated the HMRC didn't believe me and revoked the claim dating back to 2005!!!

kation

Because of the amounts involved, I suspect you will need specialist legal advice - the debt charities will (hopefully) point you in the right direction.

Be very careful about signing ANYTHING - this may have very significant ramifications for any future BR.