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T O P I C R E V I E W
johns
Posted - 29 June 2008 : 09:49:48 Hi my company is currently in a cva and and i am looking at new-co, problem is currently i owe lots of personal creditors whom i am up to date but if the company fails ishall be left with secured bank loan and personal gurantess how long does it take to announce myself bankrupt or do i have to wait untill i start defaulting on payments for credit carsd etc
Currently my business is in a cva and although it is a good business severe cashflow is mounting as it is in school meals with summer coming i have been advised to go new-co but i have personal creditors plus secured debt with the bank am i allowed to bankrupt myself before i fall into arrears or do i have to wait for threatening letters
thanks
John
3 L A T E S T R E P L I E S (Newest First)
melanie_giles
Posted - 30 June 2008 : 00:24:09 If you are declared bankrupt, you will not be able to continue in office as a company director, and this is bound to effect the future of the CVA.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
sarah
Posted - 29 June 2008 : 15:30:11
quote:Originally posted by debtfreesusie67
Hi John and welcome to the forum. As you query involves a company I'm unable to help I'm sorry but an expert will be along shortly
Hugs Sue The only way is up
debtfreesusie67
Posted - 29 June 2008 : 10:46:13 Hi John and welcome to the forum. As you query involves a company I'm unable to help I'm sorry but an expert will be along shortly
