Bankruptcy

[Gerry865]

I have leasehold pub, and will be made bankrupt by the HMRC on Monday. What will they be able to take as far as private possession's are concerned.

[Dodgy Geezer]

Hi Gerry.

 

HMRC made me BR one year ago today.

 

So far they have not had a penny out of me.

 

What they take, if anything, depends on the value of your assets, and any disposable income you may have.

 

I have posted a link on BR >>>>> HERE

 

Any questions just shout.

 

Regards.

[debtinfo]

Hi Gerry, personal assets are only taken in general if they have significant value £1,000 is oft quoted. The main exceptions to this are monetary assets like premium bonds, vehicles (there are many exceptions for keeping or not keeping) and properties (again this can usually be sorted amicably with the OR)

[Gerry865]

Hi

 

Thanks for the above, I have a BT Pension for which I receive a monthly payment. Can the Official Receiver touch this? What about State Pensions.

[Gerry865]

Help?

 

We are in a leasehold public house, and we due to be made bankrupt on Monday, and will then have to find accommodation to live. We are in Dorset, and having trouble finding anywhere to live, and do not know who to turn to for help. We are 6 adults, with dogs. Can anyone give any advice?

[palomino]

Do you have any significant assets? If so, they will be taken by the Official Receiver and any proceeds distributed pro rata to all your creditors.

 

I presume you are currently occupying the pub. Has your landlord given you notice? eg. an eviction order? Or is it a condition of your lease that you must relinquish the lease if you are declared bankrupt?

 

If you are being evicted (or otherwise forced to leave the premises) then you should talk to your local council about being re-housed.

 

Be aware that at exactly the point you are declared bankrupt all your bank accounts will be frozen. Ensure you have withdrawn all your cash from each account beforehand.

 

As for your pension you will need to talk to the Official Receiver. Depending on other funds/income you may have to pay some or all of this to the OR.

[raa]

To all

I am being made bankrupt by HMRC as I type, the most important thing is dont give up keep fighting we all deserve more!

[raa]

HI let me know what happend I am going thru it now as well and have 2 lease hold pubs!

[Gerry865]

I have a question, we are now bankrupt, and were due to pay an instalment for business rates and council tax to Ross & Roberts Bailiffs.

Do I phone and tell them I'm Bankrupt, or do I wait until they contact me, or will they still want the money?

[loobyloo85]

This should be included within your bankruptcy, but I would suggest talking to your official receiver about this to ensure they are included x

[Gerry865]

Thanks, but I have not received a phone call from the OR.

[Dodgy Geezer]

Phone them Gerry. Tell them you are now BR and the official receiver will be in touch in due course.

 

Im not sure if even a blood sucking bailiff can be stupid enough to pursue this debt.

 

If they do, dont pay them anything. They will be trying it on.

 

You will be contacted by the O R soon. They are very busy. There is no rush.

[out of cash]

council tax is covered by the BR

[loobyloo85]

Yes, they should all be included. If they phone you again, as above, tell them that you have been made bankrupt and the debt will be included in this.

Have you managed to find alternative housing?

[debtinfo]

Have they got a liability order or is it just the normal installment

[Gerry865]

Thanks

 

I saw the OR on Friday afternoon, she seemed very nice (but you never know do you), and said telephone on Monday the bailiff's and council to tell them you are BR. We hope we will sort out the housing on Monday, but as there are six adults in the household, we will have to split up which will cost more, because you cannot have 6 adults in a rented house. Also, I was under the impression that the loan with Black Horse for my car was HP, but when the OR saw the paperwork, she said it was a Personal Loan , so they cannot take the car, and she said I could keep the vehicle as it is not worth miuch.