Bankcruptcy - Tax And NI

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hdl

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

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Post by MelanieGiles » Tue Nov 06, 2007 6:17 pm
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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
Regards, Melanie Giles, Insolvency Practitioner
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andymac

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Post by andymac » Wed Nov 07, 2007 9:44 am
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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.
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