Showing results for tags 'involuntary bankruptcy'.
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or anything for that matter... I had a business for 4 years which was failing for 2. I have a total of around 50k debt on credit cards and also approx 15k to HMRC (VAT and PAYE) The business was/is not a ltd company and was a sole trader. I have had people at the door for 2 debts - the HMRC one and a credit card. The HMRC have informed me by letter that they will force involuntary bankruptcy, which I have been advised (just by a friend) to accept as I can't afford the 700 pounds bankruptcy fee otherwise. I am pretty employable, and if I weren't in this horrible stressful mess I think I'd be able to find decent work but I am now in this awful limbo. I have zero income, can't claim anything as I'm waiting for them to force bankruptcy and am living by borrowed (very meagre) funds from family and even friends (shamefully) I'm at the point where I'd be happier if they would just make me bankrupt so at least i have an end point, even if it is financially rock-bottom, from which I can begin to rebuild. Can anyone help me?
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