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The hmrc now want to serve me a petition for bankruptcy, do i accept this from them or should they go through the courts?
Also if i accept this from them will i have to pay any upfront fee's.
The house was purchased in both our names 20 years ago and her mother has a £40,000.00 charge on the property. In 2009 we were having marital problems and she wanted to secure her mothers interest in the property so i agreed to remove my name from the deeds, and received approx 40k from her. She raised the money by remortgaging another property she owns.
I received a phone call on Friday from a hmrc officer saying she needs to meet me in person to give me a bankruptcy petition i don't know if a hearing has been set. I have no option now but go through with the bankruptcy as i have no funds or potential work to pay them.
Thank you very much for your help.