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T O P I C R E V I E W
OneLife
Posted - 23 September 2008 : 14:15:37 Hi there,
I work for my partners estate agency and am a signatory for payment of bills in the firm. Is this a problem if I go BR?
4 L A T E S T R E P L I E S (Newest First)
OneLife
Posted - 23 September 2008 : 15:12:05 Thanks Suzanne, that's very helpful to know where I stand!
Suzanne
Posted - 23 September 2008 : 15:07:42 I don't think the bank would be very happy were they to know of your status and this might make it difficult for your partner. They may be unwilling to provide any of the usual insurances and guarantees that are usually available incase of fraudulent activity (not that I think you are in any way a risk). It may be better for him to wait until you are discharged before he leaves the country if that is possible.
Posted - 23 September 2008 : 14:57:17 Thanks Suzanne! Is it that I would be disallowed from being a signatory because as a Bankrupt I would not be allowed to be in any kind of control of the firms money? Or is it just that all parties would have to be aware that I'm a bankrupt. I only ask as it's a tricky situation. Although I am just an employee the boss, my partner, is going to Dubai for a year or so to try to bring in some income and the next alternative to be a signatory is not ideal.
Suzanne
Posted - 23 September 2008 : 14:43:35 Hi
I would make sure you are removed as a signatory if you intend to go bankrupt.
