Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - I owe tax man money! buh am broke!? - I am from the uk, business has been very down and now it has come to the point where we hav no money. the tax man has fined us a large sum off money and we simple cannot afford to pay. Could i declare bankruptcy to avoid the hefty fine? as a friend will take over the Business and i would simple work for them after wards. the have sent a letter of demand and basically a threat if you dnt pay Where repossessing and we just dont know what to do!!?? :( -