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Starting Member

United Kingdom
30 Posts

Posted - 14 November 2008 :  19:57:59  Show Profile  Reply with Quote
Did not know if anyone has an answer, my business partner & i went BR today, the judge was quite sympathetic to our predictment. However he thinks a bankruptcy restriction may be issued as we owed the VAT man money & paye. VAT man was about £2500 & PAYE only £350 ish. On our meeting with the OR tue we will be handing over about £10,000. Why would a restriction be placed on us?

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 14 November 2008 :  22:50:42  Show Profile  Reply with Quote
Hi there

from the little you have said I don't think you will be looking at a BRO.

In theory you could have paid paye or VAT but this would have been preferential.

SUggest you have done the right thing.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK

For a Free Impartial Review before taking the leap call me @ Reviva UK
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Junior Member

United Kingdom
325 Posts

Posted - 20 November 2008 :  15:03:23  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote

I agree with Paul here. Given the amount of debt and what you're handing over, I would suggest a BRU/BRO is highly unlikely.

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
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