HMRC & Bankruptcy

Bluecar2

As sourcrates has said the OR will freeze any bank accounts you may have, i opened a Monzo account prior to bankruptcy and i stopped paying all my other debts 1 month prior to the first court date to save a bit of money, post bankruptcy i opened a Nationwide account as my day to day account, Having had 3 court postponments and 6 months waiting from the original date to the actual date it went through i would have happily paid the £680 fee, I had no overdue debt 1 month prior to the original date other than HMRC but as i stopped all payments in anticipation of it happening i was suddenly getting 10 phone calls a day and numerous letters from all the lenders for 6 months (including HMRC ?), the other reason for doing it myself would have been a telephone interview rather than having to attend the recievers office with a 3hr face to face interview

maxmycardagain

No point HMRC making you BR unless you have assets like a house, equity IN a house, valuables, high end car (free of finance), savings, rands, etc, they are only going to end up with nothing and will have saved you paying BR fees...

TripleH

maxmycardagain wrote: »

No point HMRC making you BR unless you have assets like a house, equity IN a house, valuables, high end car (free of finance), savings, rands, etc, they are only going to end up with nothing and will have saved you paying BR fees...

sadly maxmycardagain you have made the big mistake that HMRC are a rational organisation full of common sense and never make errors.

Sadly, HMRC will focus on getting their money back ovef a set period of time, because this debt goes back nearly 10 years, I suspect there is internal pressure to remove the debt from their system one way or another. The period the Op went quiet on them is where the error was made, if you work continually with them then it's politically harder for them to be as draconian.

As a point to those who aren't aware, HMRC regard any tax you "earn" as belonging to them (I do see their point). This is what catches a lot of people out in their first years of business (particularly contractors) who get vast sums of money in and don't set aside amounts to pay tax bills which come back to bite them later.

JCS1

Just to correct some earlier posts, it is not the OR who freezes bank accounts, it is the banks.

And HMRC will make someone bankrupt in order to close the file, regardless of any assets or not.

maxmycardagain

TripleH wrote: »

sadly maxmycardagain you have made the big mistake that HMRC are a rational organisation full of common sense and never make errors.

far from it, i have, shall we say, "experience" of what HMRC are like having had a £10K tax bill myself..

they called out 3 times (they have thier own baillif's) but in the end had to admit my own BR trumped thier tax bill..