Bankrupt

9 July 2020 at 9:02PM in Reclaim PPI & other insurance

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lee06121968 Forumite

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9 July 2020 at 9:02PM in Reclaim PPI & other insurance

I managed to claim ppi and get a payout in Oct 2016. I now see you can claim the tax back. I filed for bankruptcy in March this year. Will hmrc take the tax refund as I am declared bankrupt?

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9 July 2020 at 10:42PM

dunstonh Forumite
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Forumite

9 July 2020 at 10:42PM

Will hmrc take the tax refund as I am declared bankrupt?
Yes. It will be classed as a pre-bankruptcy asset.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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