hi i have been director in a ltd co for 6 yrs which has gone bankrupt.i now have appointment for 16th june with or.anyone been through this and what is involved.also i was joint 50/50 director with a partner who has not been asked to attend. is it right i should go through this on my own or should they come with me.any advice greatly received thanks
Ok, i was in the motor trade & the financial downturn happened very quickly for us. However after chatting to the OR for a bit, what they are looking for is if you were winding the company down over 6 to 12 months and taking a large wage or bonus etc...(unlike our bankers & MP's lol) The meeting was for about 4-6 hrs & i was first to go & had to take all the paperework for the past 3 years, i had 10 large boxes & then had to find specifc paper work when asked, you can see why i was there for 4-6 hours. As long as there is no skeletons in the cupboard you should find it ok, but they will dig & go into everything. Best of luck Paul Sorry forgot to say they do not take kindly to VAT & PAYE not being paid , but you managed to pay yourselves, we left VAT owing (only about £2000 & PAYE about £600) However we did give them about £12,500 in cheques that had been owed to us so i thought it was down to the OR if he wanted to pay them.
ok cheers for reply.i had a plastering business employing 15 men on average everything going well till oct 08 then bang no house sales on jobs we were on and that was basically it.turning over 100000 one month then 6000 oct / november.
hi i have been director in a ltd co for 6 yrs
Posted - 06 June 2009 : 16:48:59
