Questions you have before making a decision to go Bankrupt and the Bankruptcy process

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By smalls
#1539 What are the implications regarding income tax if one declare hmself bankrupty, correct me if I'm wrong but my tax code becomes zero until the end of the financial year.
KR
Mike
ByDavidc
#1540
smalls wrote:What are the implications regarding income tax if one declare hmself bankrupty, correct me if I'm wrong but my tax code becomes zero until the end of the financial year.
KR
Mike


No mystery. You have to forward the tax you would have paid to the official reciever..
David