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T O P I C R E V I E W
nigel.w
Posted - 11 July 2008 : 21:52:26 Hi, my BR hearing is on Monday morning. i had a small boat bought nearly 4 years ago and sold on to my dad for £1750 (a fair market price) last december for cash which I introduced to my company. i agreed that would (and did) pay the mooring fees and insurance (about £600 total) for the next year if I could also use the boat. i was solvent at the time of both purchasing an selling but am worried the OR will attempt to restore the property / view it as a loan etc.
1 L A T E S T R E P L I E S (Newest First)
melanie_giles
Posted - 11 July 2008 : 22:03:01 So presumably your company now owes you £1,750 personally? If so, the OR will want to recover this debt for the benefit of your creditors.
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
