Hello my name is ***** ***** I will help you with this.
Just to be clear you owe £30,000? Why won't they accept the repayment plan?
Do you accept you owe the money? Can you raise it by way of loan?
It's bad news I am afraid. Hmrc don't have to even accept a repayment plan. If you owe the money it is a debt and needs to be paid.
The bad news is that they can make up bankrupt if you owe more than £5000. All you can do is delay it, but if you can't do a deal then you are just putting it off.
They have to serve a statutory demand, then if you don't set aside can petition.
But sadly you can't stop it if you owe the money. There is no legal way you can just delay it without any realistic prospect of paying it back over a short period of time.
I am sorry if this is not the answer you want and certainly not the one I want to give you, but I have a duty to be honest.
Can I clairfy anything for you about this today please?
All you can do is stall, there is no guarantee they or a judge will grant a stay or adjournment.
If there is a mortgage re offer by the time of bankruptcy hearing, the court may adjourn it then. But you need something solid.
Does that clairfy?
You need to reapply now asap. Then when the statutory demand is issued, then you can apply to set that aside. That delays things. It wont be successful, but puts a hold on it.
Then when the petition comes through you MUST be in a position to remortgage or have an offer on the table.
So you need to spend the next few days getting a remortgage.
Can I clarify anything for you?
No - just a warning.
You have not had the statutory demand yet.
Does that clarify?
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