HMRC on Doorstep

RAS

beeteecee

Glad the lady was lovely, and sad you're having  rough time.

That you checked the turntous grants info as some will pay for bankruptcy fees.

I'm aware that some people used to pay BR fees using credit cards without adverse consequences. But not sure if you have that option and double check if the situation is the same now.

beeteecee

RAS said:

beeteecee

Glad the lady was lovely, and sad you're having  rough time.

That you checked the turntous grants info as some will pay for bankruptcy fees.

I'm aware that some people used to pay BR fees using credit cards without adverse consequences. But not sure if you have that option and double check if the situation is the same now.

Thank you!

My tax adviser is really pushing the idea of getting the IVA company to pay but not sure how likely that is - when I speak to the HMRC team I will ask them also if they will proceed with the bankruptcy if they can.

I don't think I'm eligible for any support as my earnings would probably considered too high - I can't access any kind of credit (eg credit cards) due to the IVA plus I was getting rejected for everything before too (obviously a good thing)...

I will begin saving and hopefully be made bankrupt in the interim.

Thank you again.

ManyWays

My tax adviser is really pushing the idea of getting the IVA company to pay but not sure how likely that is
It is very unlikely to happen and sounds like a stressful way to waste a few months hoping it will.

Have you not been saving up the IVA payments to cover the bankruptcy fees? Do you have any debts that you are paying at the moment? What bills and recurring payments are you paying? Are you paying your tax adviser anything, that could stop!

beeteecee

ManyWays said:

My tax adviser is really pushing the idea of getting the IVA company to pay but not sure how likely that is
It is very unlikely to happen and sounds like a stressful way to waste a few months hoping it will.

Have you not been saving up the IVA payments to cover the bankruptcy fees? Do you have any debts that you are paying at the moment? What bills and recurring payments are you paying? Are you paying your tax adviser anything, that could stop!

I'm paying all my essential bills - rent, council, water etc - I am going to try and save up the fee in the next 2-4 weeks if I possibly can, it should be doable.

You're right re waiting on the IVA company - the HMRC officer who came to the door did say I should speak to their team about everything...but as you say the longer I sit here not pressing the button the more stress it causes. 

The IVA payments have unfortunately been used on priority bills etc - when I stopped paying it was £500+ a month and this has been able to contribute to our rent etc - my self-employed income has dropped a lot in the last year and it's a really worrying time, my partner is hopefully going to find work very soon & I have to hope i'll find some new clients...

RAS

Can you try and find part-time employment? Something that you can do alongside your self employment? Ideally something where you can pick up a few extra shifts if thing get tight?

beeteecee

RAS said:

Can you try and find part-time employment? Something that you can do alongside your self employment? Ideally something where you can pick up a few extra shifts if thing get tight?

I've applied for 15 jobs today - I work around 45-50 hours a week through self-employment and have 5 children, two of whom I have to drive to and from school so the hours available are pretty limited...I am trying as hard as I possibly can to find anything which would fit though - nothing is off the cards if it'll help but not finding much fitting. 

RAS

Can see the problem. You may not need/want this once the application was in? Just to get you over the line?

beeteecee

RAS said:

Can see the problem. You may not need/want this once the application was in? Just to get you over the line?

I don't know what's going to happen to be honest, I've been freelancing since 2011 and always been able to find enough work...until the last few months. I keep looking and hope to find something, my partner finding FT work is more pressing as that will relieve the instant pressure and mean I can save that £680.

RAS

The added advantage being that your partner can earn up to £12570 without paying tax or NI. Going slightly over that would mean paying NI but that'll give her pension and potentially benefit rights for a small amount, increasing sustainability.

beeteecee

RAS said:

The added advantage being that your partner can earn up to £12570 without paying tax or NI. Going slightly over that would mean paying NI but that'll give her pension and potentially benefit rights for a small amount, increasing sustainability.

We're looking at basically anything and everything workwise to try and keep going to be honest, losing this house is not an option as we'll never get another with the bankruptcy etc...& keeping the 13yo car on the road is also essential for my youngest child whose been placed in a further away school due to his disabilities - there's a billion battling factors making every decision tricky!