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
am i allowed to make myself bankrupt ?
Posted - 29 June 2008 : 09:49:48
