Originally posted by Fireship
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First, can I say how very sorry I am that the judgement went this way. I have been through the mill with HMRC and the courts over EBT schemes and I now how stressful and unpleasant it all is. I really hope you appeal and the decision goes the right way.
In terms of your question, the courts, HMRC and the Insolvency Service all take a very dim view of any attempt to "make yourself poorer" once you know that a debt is due. Now, at this stage, you don't yet know that for sure because there may well be another appeal but if the eventual judgement went against you and you had taken such action then it would be dimly viewed and if it got as far as court they could reverse the financial arrangement that had caused you to be "poorer" (in terms of the available funds to chase).
I echo the response from the other person that answered. You need professional advice on what you can and cannot do before you take any action. The lawyer who helped me was great and although he is a tax specialist, he may well be able to advise on the asset front (or consult the appropriate partner in his firm if he cannot). If you contact me privately I will give you his information.
On the subject of a "forced sale" - would you not be able to remortgage to release your half of the equity rather than sell your family home?
I know that this is very delicate but if you want advice and information about bankruptcy, particularly in respect of the family home, feel free to ask privately (I had to go bankrupt).
Again, my sympathies are with you all.
Regards
Pasatalista
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