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 as my husband is self employed if we go bancrupt		  New Topic  Reply to Topic
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kelly-v
Starting Member



35 Posts
Posted - 26 August 2009 :  21:24:10  Show Profile  Visit kelly-v's Homepage  Reply with Quote
as my husband is self employed if we go bancrupt we will loose the business. can we claim benefits until he is able to find employment?

Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 26 August 2009 :  22:14:47  Show Profile  Reply with Quote
Hi when you are Br you are still allowed to trade, however then OR may take business assets such as stock and would have an interest in leases etc.

What type of business does your husband run and are there any assets that are at risk of bankruptcy?

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
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veale_kelly24
Starting Member

20 Posts
Posted - 26 August 2009 :  22:22:54  Show Profile  Reply with Quote
it is a taxi company, the only asset in the company is the car and if that was taken there would be no business!!
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Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 26 August 2009 :  22:44:29  Show Profile  Reply with Quote
HI

I helped 5 taxi companies this year and on each occasion the OR was fine with the HP repayments as it was needed for work and the repayments were not excessive. Also the cars were "modest", but on each occasion worth over 3000.

I would recommend that your hubby reviews any debts with HMRC as well as it would be good to get these cleared up as well.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
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