HMRC Visited my house today to levy distraint on goods, HELP!!!

JPS29

If anyone hasn't seen my previous posts I'll do a quick recap:

Booming business, went belly up. In the habit of not putting money aside for VAT due to huge cashflow. = VAT debt £43k (This will be written off when HMRC liquidate the business)

£10k Business bank account o/d, c/c, this is backed up by a personal guarantee meaning I am liable when the company is liquidated.
£14592 Self assessment arrears from previous self employment
£16k tax not yet filled in return for but will be due from dividens taken from ltd company.
BMW X5 on finance, this will be surrendered meaning I am liable for the £18k shortfall in finance.
£3k personal o/d
£5k approx personal debt

All in all roughly £70k worth of debt.

I was contemplating BR, and CCCS have also advised this.

My problem is I have put it off that long that HMRC have visited my house today while I was working to levy distraint on goods for £14,592.

Now I am really pooing myself, what do I do???

I know you dont let bailiffs in but does it work different with HMRC???

Do I sign anything or will this make it worse??

Can they come in when my OH is in and not me??

Can I "fob them off" while I get the balls rolling on BR??

Please help, I really am worried now, I was trying to delay this and hopefully build up a "reserve" of funds for when I'm BR in case of emergencies etc.

(also posted on bankruptcy board)

vivatifosi

Hi Brown,

Sorry I can't help you, but can I please suggest that you duplicate this on the tax board? That's where I've seen the most answers to this type of question.

Good luck!

Captain_Mainwaring_2

InTheBrownStuff wrote: »

If anyone hasn't seen my previous posts I'll do a quick recap:

Booming business, went belly up. In the habit of not putting money aside for VAT due to huge cashflow. = VAT debt £43k (This will be written off when HMRC liquidate the business)

£10k Business bank account o/d, c/c, this is backed up by a personal guarantee meaning I am liable when the company is liquidated.
£14592 Self assessment arrears from previous self employment
£16k tax not yet filled in return for but will be due from dividens taken from ltd company.
BMW X5 on finance, this will be surrendered meaning I am liable for the £18k shortfall in finance.
£3k personal o/d
£5k approx personal debt

All in all roughly £70k worth of debt.

I was contemplating BR, and CCCS have also advised this.

My problem is I have put it off that long that HMRC have visited my house today while I was working to levy distraint on goods for £14,592.

Now I am really pooing myself, what do I do???

I know you dont let bailiffs in but does it work different with HMRC???

Do I sign anything or will this make it worse??

Can they come in when my OH is in and not me??

Can I "fob them off" while I get the balls rolling on BR??

Please help, I really am worried now, I was trying to delay this and hopefully build up a "reserve" of funds for when I'm BR in case of emergencies etc.

(also posted on bankruptcy board)

C&E have a Queens' Warrant and more power than a Policeman. Ask to see a copy of the warrant of entry, I suspect that you may not have the right to refuse them entry unless they are third party.

Don't mess with C&E.

Luckily they don't use Murray McClean and Krieger anymore.

JPS29

vivatifosi wrote: »

Hi Brown,

Sorry I can't help you, but can I please suggest that you duplicate this on the tax board? That's where I've seen the most answers to this type of question.

Good luck!

Thanks for this, have done, heres hoping.............