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 i am self employed trading with a bussiness name

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T O P I C    R E V I E W
craig.dj Posted - 26 May 2010 : 19:44:24
i am self employed trading with a bussiness name can i go bankrupt as an individual. I dont employ any staff and my debt is personel and from carrying out self employed work. Also on the bankrupty form it asks about my books of account who will look at them.
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debtinfo Posted - 27 May 2010 : 16:55:19
Profit and loss sheets should be ok
craig.dj Posted - 27 May 2010 : 16:13:20
i am not trading as a limited company, all i have is my profit and loss sheets. I did the book keeping addmitedly badly and then i paid an accountant once a year a one off payment to fill in my tax return. Will my profit and loss be ok for him also my business account shows the steady decline of trading.

debtinfo Posted - 26 May 2010 : 19:49:44
Yes you can go bankrupt for the business debts as long as you are not trading through a limited company.

The Official Receivers staff will look at the records, why do you ask

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