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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 migmash[/i] [br]Limited Company Help required! Hello again, me and my wife have a limited company which has a £20,000 a/draft. We borrowed on our equity in our home some time ago and reduced it from £40,000, but the Bank will no longer do any finance/funding to the property renovation trade, (ie: our company)in which case we will never be able to clear the o/draft, and so me and my wife have decided to both go bankrupt, due to me having a personal loan of £14,000 and our credit card debts of £60,000. We have been going through other peopls posts on this site for the past two weeks, just to get prepared for BR probably next week?! I have this morning downloaded a 600a form, and a 652a form, and wondered if anyone could assist us. We are fully paid up to date on all cards/loan/o/draft, but we can not keep paying them from each other anymore ie: Peter to pay Paul :-( We just want to end the Limited co, and don't know if we should tell our bank Manager first?! or just stop paying the £296 p/month interest on the o/draft, or tell the Bank nothing in case they can jump in and give us a bigger NIGHTMARE than we already seem to have? ? ! The company has not traded for about two years, and Companies House have that on record. We have no assets whatsoever, and we did sign a personal guarantee to the Bank, but hopefully next week when we go BR the Guarantee to the bank will be worthless?? It would seem that the forms I have now downloaded require more money to wind down our company, which isn't trading anyway! Thanks in anticipation!!!! [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.