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Posted: Tue Nov 06, 2007 6:13 pm
by hdl
During the bankruptcy process, is there any interaction with the Tax man and or National Insurance ?

Posted: Tue Nov 06, 2007 6:17 pm
by MelanieGiles
If you have outstanding HMRC debts, the Trustee will liaise closely with those departments to work out what you owe and then ultimately distribute a share of the assets (if any) to them.

Why do you ask?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

Posted: Wed Nov 07, 2007 9:44 am
by andymac
For the remainder of the current tax year, you will go to a NIL tax code, and those funds will be paid to you in your pay packet.

You them have to pay these to the OR.