Bankruptcy is essentially a declaration to your creditors that you cannot afford to repay your debt.
If you or your company owe more than £5,000 in Council Tax or Business Rates, and you have been summonsed, we may start bankruptcy or liquidation proceedings against you.
If we take this action, we will pass your account to our solicitors who will send you a statutory demand. A statutory demand gives you 21 days to pay us the full amount.
If you receive a statutory demand, you should contact our solicitors immediately.
If you do not settle the statutory demand, we will present a petition for bankruptcy or liquidation to the County Court.