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Hey everyone,
First post and currently very nervous, anxious and worried.
I'm considering bankruptcy due to not being able to find the £ needed for my first income tax payment since I entered an IVA in 2022 due to endless ongoing issues with HMRC. If I don't make myself bankrupt, it's inevitable they will do so soon, I think...
My latest HMRC letter today says pay them, call them or they may visit. This is utterly terrifying but I also struggle massively with telephone calls - could or should I write to them?
My IVA includes a large HMRC debt prior to 2022 & since then I have accrued further tax debt.
Not to pile on excuses but I'm the sole earner in our home (self-employed sole trader) and we have 5 children including 1 with disabilities. The IVA was a stupid idiotic thing to do I know that but that's where I am now...and managing our household has left me with little spare.
I guess my main question is what happens? If I submit the bankruptcy petition there's no court etc but if I leave it to my IP or HMRC do I have to go to court?
I need to stop being scared and get this situation sorted out.
First post and currently very nervous, anxious and worried.
I'm considering bankruptcy due to not being able to find the £ needed for my first income tax payment since I entered an IVA in 2022 due to endless ongoing issues with HMRC. If I don't make myself bankrupt, it's inevitable they will do so soon, I think...
My latest HMRC letter today says pay them, call them or they may visit. This is utterly terrifying but I also struggle massively with telephone calls - could or should I write to them?
My IVA includes a large HMRC debt prior to 2022 & since then I have accrued further tax debt.
Not to pile on excuses but I'm the sole earner in our home (self-employed sole trader) and we have 5 children including 1 with disabilities. The IVA was a stupid idiotic thing to do I know that but that's where I am now...and managing our household has left me with little spare.
I guess my main question is what happens? If I submit the bankruptcy petition there's no court etc but if I leave it to my IP or HMRC do I have to go to court?
I need to stop being scared and get this situation sorted out.
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