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 Forum Questions
 If my LTD company goes Bankrupt
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dufduf
Starting Member

United Kingdom
8 Posts

Posted - 02 June 2009 :  09:40:38  Show Profile  Reply with Quote
I was selfemployed and are facing a large tax bill which i do not have. If my LTD company goes Bankrupt, how will it affect me
what will happen.

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 02 June 2009 :  09:58:48  Show Profile  Reply with Quote
Hi,

I'm sorry I don't know what the answer is, but just wanted to welcome you and hopefully one of the experts will pick up on this soon.

The glimmer gets brighter all the time

Jan
xx
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Suzanne
Average Member



United Kingdom
869 Posts

Posted - 02 June 2009 :  11:22:47  Show Profile  Visit Suzanne's Homepage  Reply with Quote
Hi

If you are the director of a limited company then you are employed by the company. A limited company is a separate entity to you personally. The only way the liquidation of a limited company can affect you is if you have given personal guarantees to creditors of the company.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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dufduf
Starting Member

United Kingdom
8 Posts

Posted - 17 June 2009 :  19:06:36  Show Profile  Reply with Quote
We have been trying to find someone to help us with the bankruptcy of our Ltd company, but the going rate seems £5,000.
Can anyone help the biding will start at £5.00 to bankrupt our company.
seriously can anyone advise us.
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 17 June 2009 :  19:17:47  Show Profile  Reply with Quote
Have you tried phoning Reviva?

They are bankruptcy specialists and you will find their details under the expert link on the left hand side of the page.

Give them a ring to see if they can assist you.

The glimmer gets brighter all the time

Jan
xx
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mitsu8
Junior Member

272 Posts

Posted - 17 June 2009 :  20:00:36  Show Profile  Reply with Quote
hi i had a limited co which has been wound up.am meeting with receiver tomw.not looking forward to it. we are using paul johns from reviva so give him a ring.hes been really good
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dufduf
Starting Member

United Kingdom
8 Posts

Posted - 20 June 2009 :  18:29:19  Show Profile  Reply with Quote
Kallis3 and mitsu8, thanks. i will contact them asap.
Mitsu8 best of luck, hope it goes ok.
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worriedmummyandwife
Starting Member



United Kingdom
2 Posts

Posted - 20 June 2009 :  20:30:32  Show Profile  Reply with Quote
With closing a Ltd company I believe the cheapest way of doing is - complete a Companies House Form 652A which states you are closing the company, inform your creditors of the application and they will obviously object, they can only object if they intend to liquidate you i.e. they have to foot the cost!
I hope that is the correct advise but you must seek some professional advice and Reviva are fab.
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mitsu8
Junior Member

272 Posts

Posted - 21 June 2009 :  09:39:38  Show Profile  Reply with Quote
quote:
Originally posted by dufduf

Kallis3 and mitsu8, thanks. i will contact them asap.
Mitsu8 best of luck, hope it goes ok.

hi had meeting which was just over 1 hr so not to bad.been told on leaving that probably wont be in touch again.hopefully that is it.
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 21 June 2009 :  10:22:40  Show Profile  Reply with Quote
Fingers crossed mitsu.

The glimmer gets brighter all the time

Jan
xx
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dufduf
Starting Member

United Kingdom
8 Posts

Posted - 22 June 2009 :  22:05:12  Show Profile  Reply with Quote
Fingers and toes crossed.
best of luck Mitsu.

Have had the credit cards again, we have contacted them and said we will have some money for them at the end of the month, but the little charmers in Mombi are like Satan's little helpers.we now dread the phone and the postman.
Sorry Rant.
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