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T O P I C R E V I E W
JOHN21
Posted - 24 March 2009 : 08:55:32 if i bankrupt my company would i have to pay an old outstanding 2008/9 VAT bill which i was not able to pay and any outstanding PAYE
1 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 24 March 2009 : 09:02:57 Hi John and welcome to the forum
You actually cannot bankrupt a company - br is for individuals.
Company insolvency is slightly different and needs to be handled in a different way
You need to understand what assets the company has on its books, also what other liabilities and what personal guarantees you may have for other debts ( loans, overdraft etc etc )
You may decide that the first course of Action is to speak to Melanie Nicolas as she works for a firm who offer specialist winding up procedures for Ltd companies
