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T O P I C R E V I E W
lorrainets
Posted - 09 September 2009 : 06:25:12 I am considering bankruptsy due to personal guarantees made on a liquidated Company. I have a 49% sharehold in another company but no directorship. This company owes me £300K but is worthless currently. If i become bankrupt and the trustees cannot get the money from the company 1. will the company be forced to liquidate? 2. will the shares be retained by the trustees for a period incase their value increases or could i purchase them back for a nominal amount? 3. could i purchase the debt owed by the company incase it is possible in future for the company to honour it
1 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 09 September 2009 : 08:21:23 Hi
there are a lot of variables here so I would really suggest you speak directly to a forum expert to go over it all so you know where you stand
