Author Topic: HMRC bankruptcty  (Read 19410 times)


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HMRC bankruptcty
« on: Jul 13, 2014, 08:30:40 PM »
Hi I was wondering if you would be able to help me. My ex partner has recieved a letter of statutory demand of the HMRC saying that if he doesn't pay £13,000 within 18 days then they will look at making him bankrupt. He has been paying them an amount each month but they are saying that this is not enough.
 I have heard that this may be just a threat so was wondering what are the chances of them going through with this? also he has been paying credit card accounts each month aswell so how will they look that he is making those payments to them over putting the money into paying his tax Dawn

alastair swanwick

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Re: HMRC bankruptcty
« Reply #1 on: Aug 25, 2014, 05:27:28 PM »
it sounds like empty threats

Richard Stockburn

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Re: HMRC bankruptcty
« Reply #2 on: Sep 01, 2014, 04:45:32 PM »
Hi Dawn

My name is Richard Stockburn and I work for as an insolvency specialist.

HMRC is one of the few organisations that does not pull punches when it comes to bankruptcy. If your partner has received a statutory demand, it is likely they will proceed. Regarding his paying credit card bills instead of tax, this will not matter once it lands on the Official Receiver's desk.
What will matter is his income and expenditure, as if it is found that he has surplus income, he will be placed into an Income Payments Agreement where he will be expected to make monthly contributions for the next 36 months. In many cases this is avoidable, but I would need to have a quick chat about his income and expenditure.

Give me or Sean a call if interested on 07894 481175 or 01425 600129 and we will talk you through it.