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That's it should I walk away?

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    That's it should I walk away?

    What with the incoming onslaught to contractors and taking their rights to carry on as Ltd Companies which may have debts to HMRC, would it be advisable to go bankrupt and take a full time position as paying back these debts would be impossible?

    #2
    What debts?? Have you been negligent with your company money??
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

    Comment


      #3
      Originally posted by cojak View Post
      What debts?? Have you been negligent with your company money??
      Debts are corporation Tax.

      Comment


        #4
        Yes / fill your boots


        Sent from my iPhone using Contractor UK Forum

        Comment


          #5
          Originally posted by GhostofTarbera View Post
          Yes / fill your boots


          Sent from my iPhone using Contractor UK Forum
          Surely the loss of revenue by all these closing companies would have a massive affect on the government?

          Comment


            #6
            Do you own a house?
            Do you plan on buying a house?
            Do you have any outstanding leases?
            Are you married?

            BBC Radio 4 - Money Box, Money Box Live: Bankruptcy

            Quick exit...
            I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

            Comment


              #7
              Originally posted by Scruff View Post
              Do you own a house?
              Do you plan on buying a house?
              Do you have any outstanding leases?
              Are you married?





              BBC Radio 4 - Money Box, Money Box Live: Bankruptcy

              Quick exit...
              No, lost everything recently from a divorce so I have no assets what so ever.

              Comment


                #8
                No idea.
                'CUK forum personality of 2011 - Winner - Yes really!!!!

                Comment


                  #9
                  Originally posted by Mearcat View Post
                  No, lost everything recently from a divorce so I have no assets what so ever.
                  No assets???

                  After a divorce you should have negative assets


                  Sent from my iPhone using Contractor UK Forum

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                    #10
                    Originally posted by Mearcat View Post
                    No, lost everything recently from a divorce so I have no assets what so ever.
                    I'm sorry to hear that.
                    I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

                    Comment

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