Hi Melanie, I don't quite follow, could you elaborate a little please, thank you

Thank you for replies. What confused me is when they said you wouldn't have to pay tax, didn't explain for what period, I guess I assumed that I wouldn't have to pay.

Hello, I was self-employed from July 2007 to currently & became bankrupt on 2nd April 2008. My accounts show profit for 2007-2008, so does it mean I would have to pay TAX/NI for 07/08 or not? Thank you in advance.

Skippy Thank you for kind words! Maybe somebody else knows what is this HMRC consent for exactly? I mean I have to do self assesment for 2007-2008 & my accountant has told me that there would be 0 tax for period prior up to the bankruptcy date. So does that mean that consent is used by OR to notify ...

Just back from court, also had a meeting with OR at their offices. Basically all OK, the only thing that OR has mentioned that they will send a form that I have to sign to give them permission to look into my TAX affairs, what's that for?

Wow, thank you all! You see my main reason for going BR is because of that shortfall after our home's been repocessed & sold for less than 50% of what we've bought it for. I could have negotiated on other unsecured debts, I am certain of that, but it turns out there is no way IVA will work out consi...

Thank you Chris! I am somewhat relieved to hear about procedure from you, did they put you in local newspaper?

Need some advice from people that have been through bankruptcy recently, have to go to court tomorrow, really nervous as never been to court before, what will happen tomorrow? Thank you for all the help.

At which point does OR make a visit to out home to remove assets? Is it normally done same day of bankruptcy hearing? Thank you.

Thank you. I managed to get a slot on April 2nd, so I am still within 2007 tax year. BTW I do not trade I am a self-employed private hire driver, can they stop me from working?

I am self-employed, so I haven't paid any TAX for 2007 yet. Do you mean to say that whatever TAX is due for 2007 will now have to be payable to the OR instead?(official receiver?) Thank you.

I called local county court & they said next available day is April 10th, would anyone know whether filing a bankruptcy after April 6th will mean that income TAX for 2007 will have to be paid? Thank you.

Thanks for all your advice, I will proceed with bankruptcy, I would never have thought to find myself in this situation

Hello, I will go straight to the point if I may. I am 33 married with 2 kids (2.5y & 10m). I am in big debt & have a county court hearing set for tomorrow morning, writing to you as maybe you may help sort it out before I make the final decision. My total unsecured debt is around £65k and our home h...