I have been advised by citizens advice to go bankrupt, due to my circumstances.
I gave up full time, self employed work at the end of July 04, as I am currently being investigated by the hospital, after being ill for nearly 2 years. I may have some answers as regards my health at the end of Nov 04. Currently, I am part time, employed, doing 12 hours a week, to see how i get on.
As i was self employed, I owe the tax man about £10,000.
The tax man put a de-restraint order on my car and a few household goods. The Baliff then came out and asessed them. After finding out I had given up work, with possibly no prospects of further full time employment she contacted the tax office and the de-restraint order was lifted as my goods, inc car would have fetched about £600-£800, hardley a dent in £10,000, in their point of view.
The tax office have gone quiet apart from 1 phone call to ask when i get the results of my hospital tests. I think they are waiting for that to decide what action to take next.
Total owing is about £19,000, inc loans and credit cards.
I get about £250 a month from employment and £300 in maintenance for 1 child.
I am glad this site exists, as it has answered a lot of my questions already but i still have a few.
1- I get £300 a month in maintenance, so will the OR take this into consideration to repay any debts?
2- If I have a cashcard only account at a bank, will i have to inform them of my bankruptcy?
3- do i have to include everyone i owe money to, however large or small the amount? Is there an upper or lower limit, or is it all put into one final amount?
4- What details do i need to take with me to court when i apply for bankruptcy?
5- I have a partner who has a full time job. Will my bankruptcy affect him in any way? We have nothing in joint names.