Tax Problems Bankruptcy And insolvency

• HMRC Tax Debts Guide
  
  If you receive a bill from the HM Revenue & Customs and find it impossible to make payment on it, you should contact them immediately to make payment arrangements. If you fail to do this, the HMRC may proceed in recovering the money
• Tax Debt and Bankruptcy
  
  The definition of Bankruptcy is the “legally declared inability or impairment of ability of an individual or organisation to pay their creditors” and can be either an involuntary bankruptcy, or a voluntary bankruptcy.
• In England and Wales, What are Bankruptcy and Winding Up Proceedings
  
  If you owe money to an individual or company, this party can submit a request to the Court to make you bankrupt or wind up your company.