Recent content by engcc

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    Sole Trader Bankruptcy (OR want to Cease Trading)

    Hi My partner has just declared herself personally bankrupt due to credit card debt (years old not recent debt). She runs what is officially described as a micro-business (Acrylic Nails/Beautician). She has a small shop floor which she rents from a landlord who sublets from the building owner...
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    Ltd Company strike-off with debt ...

    yes I work as a contactor through a recruitment agency so need a company to allow them to pay me through it. I could go PAYE but my hourly rate drops significantly if I do (i know this is because my tax and ni is taken off for me). I have heard of phoenix companies and wondered if I could...
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    Ltd Company strike-off with debt ...

    how long do IVA's stay on my record, and can i still be a director with an IVA ?
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    Ltd Company strike-off with debt ...

    Problem with personal bankruptcy for me is i work as a contractor through a LTD company and this would stop me being a director. Is there a way around this by using by partner as director then paying myself a wage ? What are my options ? Thanks for your advice
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    Ltd Company strike-off with debt ...

    ive work out I could afford £300 per month, I know thats paltry in comparison to the debt buts its all I can afford
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    Ltd Company strike-off with debt ...

    A lot of that fugure is penalties as I've not filed for about 2 years, I used to be in a partnership business with my parents (pub) and about 19K is from this so its probably accurate. I rent my home and have no assets of any real value, car on finance ? I want to pay this but fear they will...
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    Ltd Company strike-off with debt ...

    i think this personal self assessment
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    Ltd Company strike-off with debt ...

    I have just received a 'warning of enforcement by taking possession of goods' letter today from HMRC regarding outstanding Self Assessment tax for 26k, will HMRC accept a payment plan for this as I want to pay it but obviously cannot pay in full ?? Please help :-(
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    Ltd Company strike-off with debt ...

    Who would object to my company being struck off if I didn't owe anyone other than corporation tax
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    Ltd Company strike-off with debt ...

    Hi All I have been trading through a Ltd company for contract work for the past 18 months. Due to personal financial problems I've not been able to put aside any money to cover the corporation tax. I am not VAT registered and I havent spent the money on flash cars or fancy holidays it has been...
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    HMRC Dept (Bankruptcy)

    Cheers, I'll keep the thread updated for future reference. Thanks all
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    Desperate for help or advice!

    Sounds like a scare tactic from HMRC to me, spongebob on this forum seems to be the expert in this area. Look him up
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    Desperate for help or advice!

    I think if you explained what you have said on this forum to HMRC then they would be more willing to come to some kind of arrangement. You obviously have the assets to cover this debt so there shouldn't be a problem.
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    HMRC Dept (Bankruptcy)

    Yes the existing accountant has been dealing with this, I have already suggested a second opinion from another accountant but I'm not sure if they have the time now before HMRC make them bankrupt. Has HMRC got prevelance over the bank on mortgaged properties ? Or does the bank who hold the...
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    HMRC Dept (Bankruptcy)

    Yes thats exactly what he did to aquire more properties.