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T O P I C R E V I E W
rachelt
Posted - 07 April 2009 : 14:51:12 If someone owns a business and they go bankrupt, what is the timescale in terms how quickly will they have to hand back shop keys etc?
3 L A T E S T R E P L I E S (Newest First)
chester2005
Posted - 07 April 2009 : 20:29:39 Personally i think it is more important for someone with a business to take expert advice and have them there to make sure you come out of it the best way possible, i have heard of people losing things that they otherwise would not have done had they taken advice. I can only echo s4pps in her suggestion of Paul from Reviva he does a lot of cases involing businesses and is quite hands on ,(he's not a bad chap either)
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman) Life's too short!!!
s4pps
Posted - 07 April 2009 : 19:57:22 Hi Rachel :) Welcome to the forum!
Could I suggest you have a chat with at least one of the professionals on here. I owned a retail shop and Paul from Reviva helped me through the whole system. The main difference is that you take control of your BR rather than everything becoming a giant snowball.
Suzanne x
John
Posted - 07 April 2009 : 15:44:19 Hi
if you run a retail outlet then the likelihood is that from the moment you declare bankruptcy your keys, assets and any stock etc would be siezed either same day or latest next day.
