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Hello All,
I have a large HMRC debt (over 200k) with penalties and interest etc from mid 2010s. (drugs and gambling), I avoided criminal prosecution by following the COP9 voluntary disclosure, we tried to offer part payment but it was rejected by HMRC and they sent to recoveries. I tried to make a payment plan but was also rejected.
HMRC have sent me a letter warning of impending Bankruptcy if payment has not been made or a plan not agreed.
I have no assets of any real value, I am employed fulltime and earn £5000 after tax etc.
I dont expect there is much I can do to avoid this but wanted to know if theres anything I can do this late?
If I am forced into bankruptcy and keep my job, the vast majority of salary will be taken for 3 years.
My partner has just started working (£1500 take home), how will this impact the expenses? What would the share of expenses look like based on the salary differences. For example we have a child, how are the costs split? Are the expenses my own or will my partners income reduce my expenses calculations?
What if I lose my visa, I am not British (bad character) and need to leave at some point after the Bankruptcy is in action? would I be free to go?
I have a large HMRC debt (over 200k) with penalties and interest etc from mid 2010s. (drugs and gambling), I avoided criminal prosecution by following the COP9 voluntary disclosure, we tried to offer part payment but it was rejected by HMRC and they sent to recoveries. I tried to make a payment plan but was also rejected.
HMRC have sent me a letter warning of impending Bankruptcy if payment has not been made or a plan not agreed.
I have no assets of any real value, I am employed fulltime and earn £5000 after tax etc.
I dont expect there is much I can do to avoid this but wanted to know if theres anything I can do this late?
If I am forced into bankruptcy and keep my job, the vast majority of salary will be taken for 3 years.
My partner has just started working (£1500 take home), how will this impact the expenses? What would the share of expenses look like based on the salary differences. For example we have a child, how are the costs split? Are the expenses my own or will my partners income reduce my expenses calculations?
What if I lose my visa, I am not British (bad character) and need to leave at some point after the Bankruptcy is in action? would I be free to go?
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