As above
I'm bankrupt.
Right here is the question.
I know that I can re start up the business today.
I know I have to use my old business name.
I know that I can have a basic bank account.
I have being told by people in business that if I start the business up today, the reciever will not take try to take money off me until the end of my first year after they have seen my first years accounts :-/ :-/
I have also been told that I can earn what it says on my tax code ( 5700 :-/ ) per year before the reciever can touch me :-/
So if I say my turn over for the first year is £15,000 ( money coming in ) :-/
My outgoings for the year is £8,000. of which is taken up with buying goods for the jobs / petrol / work clothing / phone bill / insurance ect :-/
So that leaves me with £7000

If my personal tax allowance is £5700,
That leaves me with £1300 taxable profit
The taxman will want 25% of that

So that leaves £975 for the reciever to split up around any creditors :-/ :-/
Im I looking at this correcty because the reciever won't tell you sweet blank all

All they do is watch and try to catch you out so they can sh*ft you for anything they can

No links please
Just strieght advise because my head is going to implode over this
PM me if you have any storys and don't want it live on the forum :-/