I closed my 6 year old business down last winter. I had not declared any earnings to the Inland Revenue but had some money saved to pay an accountant once I sorted the paperwork out. Within this time my life had some issues that has stopped me from going back to work and my son has come to live with me full time. I have spent all of my savings and cant keep up with my CC bills and have literally gone under, every penny of my benefits goes to paying my bills and there still is not enough. The only way I can see a way out of this is to file for bankruptcy. If I was to file for bankruptcy, what would happen to the tax that I owe, do I still need to file my tax returns with an accountant? I cant afford this.
Any advice would be much appreciated.