Originally posted by tractor
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job seeker allowance , 20k in bank account , 40k debt
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Originally posted by junior contractor View Post20k may sound too much but i have crazy out going ( 1300£ corporation tax 800£ credit card and loan etc ) its only couple of month worth of expenses thats why im thinking applying for job seeker allowance before situation gets worse.
already down graded my house and on flat share and sold my car
If you need £10k a month just to keep your head above water, you should have a sufficient grasp of running a business to sustain that lifestyle.Comment
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Originally posted by junior contractor View Postsituation is i have 40k outstanding debt ( corporation tax 12k, loan,and credit cards)
in my bank account i have 20k ( 15k borrowed from family and director loan from my limited company) which i have reserved for day to day living expenses and paying various debt installments.
question is will i qualify for job seeker allowance given above circumestances?
thank in advanceI was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).Comment
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Originally posted by junior contractor View Post20k may sound too much but i have crazy out going ( 1300£ corporation tax 800£ credit card and loan etc ) its only couple of month worth of expenses thats why im thinking applying for job seeker allowance before situation gets worse.
already down graded my house and on flat share and sold my car :(
1. Corporation tax is owed by your company who is a separate legal entity to yourself
2. "credit card and loan etc" - What the hell does that mean? People can have multiple credit card debts and loans
3. "already down graded my house and on flat share and sold my car" - more rubbish.
Anyway if you were telling the truth and not changing your story you have already been given advice.
Pay back the £5000 into the company, pay that money directly to HMRC, negotiate the rest of your debts and then sign on. Oh and make sure you pay your council tax as you don't want to end up in prison."You’re just a bad memory who doesn’t know when to go away" JRComment
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psychocandy to thread, calling psychocandy to thread...
qhHe had a negative bluety on a quackhandle and was quadraspazzed on a lifeglug.
I look forward to your all knowing and likely sarcastic and unhelpful reply.
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