All Forums  archive  Forum Questions  Advice needed for a friend worried about her house

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by acm[/i] [br]Hi, have not been on for some time but need some advice. A friend of mine's partner is going bankrupt as his business has collapsed. He had been running the business for a number of years with his business partner. Approx 3 months ago the business was made a Ltd company. Due to a large number of their customers not paying has forced them to pull the plug. The questions are as follows: As a limited company are they covered for all debt or only what debt has been accrued over the last 3 months? My friend is not married but has a house with her partner (the one going bankrupt). She is a totally innocent party in all of this and has nothing to do with the Ltd company. She is obviously concerned she may lose her house through all of this. There is some equity in the house but not a lot by all accounts. I know this sounds a bit vague but any help would be appreciated. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.