Ask a Bankruptcy Lawyer. Get an Answer ASAP.
Hello, this is Jim and I am a dual-qualified lawyer (UK and Republic of Ireland) and happy to help you this evening.
Did HMRC know you had a house? Did you tell them you sold it off before they mentioned a bankruptcy petition?
OK, thanks - there is no crime committed so don't worry, you are not facing prison.
The worst that will happen is they get their bankruptcy petition granted by the insolvency court, the Official Receiver contacts you to interview you by phone (or in person) and any other assets are taken in to account to repay HMRC and any other creditors...
The bankruptcy usually lasts for one year and you are then discharged (the debt is written off).
I hope that answers the question.
I hope this helps – if you can please rate the answer by clicking the 5 stars (the top of your screen & then click “submit”), I can answer follow up Q&A's at no extra charge and I will be credited for helping you today.
That's strange, if you click the 5 stars and either a submit button or a smiley face. Not sure as it's a customer's interface which I can't see. Could you let me know what you see?
Thanks, I will ask customer services as normally there's a screen to allow a rating. Thanks for letting me know - will come back to you.
Have a good evening
It's not long as HMRC can apply online and is usually approved within a couple of weeks. The order is made soon after and the process takes up to 12 months after which you are then "discharged".
I asked customer services regarding the rating and they said it should work if you use a PC but it's fine as I should be able to get the rating after 3 days in any event.
Let me know if you have any other queries.