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At UK Bankruptcy we understand that in life when you are self employed you will have to deal with the Inland Revenue.
The trouble begins when you do not set enough money aside from tradings when January comes around.
The Revenue will want their money and normally within 30 days without incurring financial penalties, so the clock has already started ticking!
If you have assets but no liquid, this could leave you having to re-finance to pay off the Revenue.
Do NOT under estimate the Inland Revenue, they WILL prepare a petition for a bankruptcy order to be placed against you, with them being the trustee of bankruptcy, you will be left up the financial river without a paddle!
If you are made bankrupt by any of your creditors, as bankruptcy trustees, they control your ongoing finances and can impose an income payments order against you that can last up to 15 years, being taken direct from source through your tax code before you even get paid!
HM Revenue, Customs and Excise are the largest petitioners for bankruptcy in the country, so if you want to avoid bankruptcy, call us now on 0800 5 977 977 for a free confidential consultation.
By completing the online questionnaire and filling in our authority to act form, we can deal with any of your creditors straight away, keeping them at bay for as long as necessary, to give you time to decide what your best course of action is, with time to breathe without constant phone calls, red letters or worse still, those universally despised bailiffs that will eventually come knocking at your door.
Take the preverbial 'bull by it's horns' and let us take the financial weight off your shoulders by mediating ourselves between you and your creditors, giving you peace of mind with an attainable and realistic plan of action, set in place by us.
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