Bankruptcy and self employed

maxmycardagain

As far as I know/recall the IS cant seize "tools of the trade" (inc cars) nor put you out of work, which is the opposite of what they need, i.e. the chance to collect some money at some stage --- maybe, as for goodwill in your trade, wouldnt your regulars follow you if you had the rug pulled from beneath you?

maxmycardagain

Lostmyway wrote: »

I think I'll shut the shop down for a little while and file for bankruptcy. There's no way I'm putting up with this cr*p for 5 years. IVA's just seem to be a way of making other people rich

No need to close, keep trading, its your living