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HMRC & bankruptcy - how quickly do they act?

JensaT · 2024-10-17 11:36:27

A bit of a difficult situation here regarding a family member. We know he owes a huge debt to HMRC, and there doesn’t appear to be any way of paying it. We also know that HMRC have already issued their “statutory demand” (which I think is the final warning before proceeding to bankruptcy), and the deadline for responding…

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ManyWays Posts: 1,342 Forumite

20 October 2024 at 3:09PM

But this is a big decision and it's not good to rely on casual suggestions on a bulletin board from people who do not know the full situation so it would be best if he could talk to Business Debtline and have another member of the family with him to support him given his age.

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HMRC & bankruptcy - how quickly do they act?

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