That's it should I walk away? That's it should I walk away?
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  1. #1

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    Default 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. #2

    Some things in Moderation

    cojak's Avatar
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    What debts?? Have you been negligent with your company money??

  3. #3

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

  4. #4

    Fingers like lightning


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    Yes / fill your boots


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  5. #5

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    Quote Originally Posted by GhostofTarbera View Post
    Yes / fill your boots


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    Surely the loss of revenue by all these closing companies would have a massive affect on the government?

  6. #6

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    Scruff's Avatar
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    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).

  7. #7

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    Quote 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

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

  8. #8

    My post count is Majestic

    northernladuk's Avatar
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    No idea.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  9. #9

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    Quote 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


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  10. #10

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    Quote 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).

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