HMRC action. What happens next?

BrassFarthing

I have opened a basic bank account with Barclay's. I don't have many direct debits just my phone contract and a couple of subscriptions. Do I need to open an account with the Co-op as well? I have to make arrangements for my salary to go into the new Barclay's account next month and also to sort out my phone contract as both my son and daughters phones are on the same contract. They are 19 and 21 so time to pay their own bills I think!

Are there any other financial arrangements I should make?

alastairq

Splendid....BArclays are fine.....however, once the BR petition is granted, and whilst you are still Undischarged BR, BArclays do not permit internet access. Co-op, however, do allow internet access whilst Undischarged.

If you apply for a Co-op CAshminder, account, do not mention anything to do with BR...best to apply over the phone too.

Will depend on what method you wish to use, to manage your account?

You can have two or more basic bank accounts also.....which might assist in day-to-budgeting?

[One account for DD's, fixed bills, etc...the other for income...feed the former from the latter, but don't touch the former?]

Don't bother applying with any of the other High St. banks.....they're too up themselves for the likes of us insolvents.

advise-wanted

BrassFarthing wrote: »

Thanks for the advice. I think I will contact them to arrange an appointment. It has to be better than them persuing me.

Do you know what paperwork I will have to provide? I am assuming that as they are taking action against me I don't have to complete the bankruptcy application? What about the SOA do I provide this to the court on the day?

When they come round they hand you papers and go a 2 second thing, the papers will have your court hearing date on this for my husband was 3 weeks away from when he waa given it,
Which infact was tuesday, he never went to the court as was not potesting against and happy to go ahead so it went ahead and today we should receive in post his bankrupcy offical order they send 2nd class, we now waiting for the OR phone call .....

maxmycardagain

Theres no better feeling (if going bankrupt) than knowing the taxman is gonna get SFA, £10K in my case...

antonic

maxmycardagain wrote: »

Theres no better feeling (if going bankrupt) than knowing the taxman is gonna get SFA, £10K in my case...

And they have the pleasure in knowing that your credit history is stuffed for 6 years , you may get a BRO/BRU if your behavior justifies it and bankruptcy can cause you all sorts of problems when you apply for insurance.

Short term gain (you dont pay what you owe) , but long term loser re insurance etc.

maxmycardagain

antonic wrote: »

And they have the pleasure in knowing that your credit history is stuffed for 6 years , you may get a BRO/BRU if your behavior justifies it and bankruptcy can cause you all sorts of problems when you apply for insurance.

Short term gain (you dont pay what you owe) , but long term loser re insurance etc.

I speak as one who has been there, done it and got the t-shirt

you?

you assume its black and white when i know there are 50 shades of grey too


My accountant stuffed up big time, did HMRC have any pity? nope, so it was all to play for, and boy did i win! who needs a credit score anyway? (vastly over rated)

antonic

maxmycardagain wrote: »

I speak as one who has been there, done it and got the t-shirt

you?

you assume its black and white when i know there are 50 shades of grey too


My accountant stuffed up big time, did HMRC have any pity? nope, so it was all to play for, and boy did i win! who needs a credit score anyway? (vastly over rated)

If your professional advisor (aka accountant) stuffed up big time as you say, of what relevance is that to HMRC ?

After all your paying for a service, and if you didnt get the service you were paying for then you should have taken it up with him/her.

alastairq

antonic wrote: »

And they have the pleasure in knowing that your credit history is stuffed for 6 years , you may get a BRO/BRU if your behavior justifies it and bankruptcy can cause you all sorts of problems when you apply for insurance.

Short term gain (you dont pay what you owe) , but long term loser re insurance etc.

CAnnot see the relevance of the comments above?

One's credit history...if that is of such importance, is stuffed regardless of whether one is bankrupt or not.

Too much debt stuffs one's credit rating.

So do defaults, CCJs and sundry other financial barriers.

All are visible for 6 years.......regardless.


In fact, BAnkruptcy has the advantage of allowing one to start afresh at re-building that much-vaunted history....[see other threads on this forum?]

I have never found an issue with obtaining any form of insurance whatsoever.

Obviously one does not have such a wide choice of product, but then, that alone has been no disadvantage, in my experience.

For me, there has been little or no change in how I have conducted my life.......there is nothing I could not take advantage of, if i needed to.

Even seeking a mortgage is not impossible....and certainly probably more likely to be successful without having a mountain of existing active debt on display?

Quite why HMRC continue to pursue BR as a means of recovering monies owed is beyond my comprehension.

I can only presume the intention is actually to clear -the-books? [the in-tray?]

OH yes....the Insolvency Service is required to be self-financing.

So, why not simply, rob Peter to pay Paul?

By transferring funds from HMRC, directly into the Insolvency Service?

Without it being completely transparent and obvious? Yay!:T