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bankruptcy

7 months ago - Posted by

i am about to be made bankrupt due to owing the taxman an unpaid bill which i have tried to question the amount i have listened to advice that has put me in the position that i am in now i now have no means to pay taxman will he take my house which is solely in my name i work full time and trying hard to keep my head above water

1 Answer

TAD Member

7 months ago

If you are made bankrupt then your property may be of interest to the Official Receiver and possibly be at risk. This will very depend on whether there can be anything to gain from the property to pay towards the bankruptcy. It could be that there are other methods of dealing with the debt that avoid the bankruptcy. If you contact a free debt adviser and go through in greater detail they should be able to identify if the property is at risk and if there are other options available to you.

This question was answered by Debt Advice Foundation, an independent UK debt advice charity. If you need further help, Debt Advice Foundation provides a free, confidential helpline and can advise you. Click here to find out more.

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