Declaring yourself Bankrupt

[CoolerKing]

It is now looking likely after 11 years contracting that I will be out of a job end of this month.
With a whack of Corp tax. to pay on the day am tempted to empty my accounts and go bankrupt if there is no sign of contract work?

Good idea or not?

[MaryPoppins]

Brill idea. Go for it.

[MarillionFan]

It is now looking likely after 11 years contracting that I will be out of a job end of this month.
With a whack of Corp tax. to pay on the day am tempted to empty my accounts and go bankrupt if there is no sign of contract work?

Good idea or not?

Dumbest thing I've heard on CUK for some time.

And there are some dumb people on here.

[suityou01]

It is now looking likely after 11 years contracting that I will be out of a job end of this month.
With a whack of Corp tax. to pay on the day am tempted to empty my accounts and go bankrupt if there is no sign of contract work?

Good idea or not?

Yep it's a brilliant idea. You can reap the benefits from your cell.

[Pondlife]

Spend the cash on a flight to Panama and rent a canoe.

Make sure you update your facebook status telling everyone.

[VectraMan]

I hear Ford Prison is nice. Lots to drink, and a roaring fire to keep you warm. Go for it.

[CoolerKing]

Spend the cash on a flight to Panama and rent a canoe.

Make sure you update your facebook status telling everyone.

Could i claim the purchase and flight on company expenses?

[CoolerKing]

Yep it's a brilliant idea. You can reap the benefits from your cell.

Am confused, people who declare themselves bankrupt go to jail?........

[Pondlife]

Could i claim the purchase and flight on company expenses?

That's the least of your worries fella.

[MarillionFan]

Could i claim the purchase and flight on company expenses?

I suggest you apply for as many credit cards and loans as possible blowing the cash in an orgiastic rampage of drugs, drinks and cheap sex.

In for a penny .