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 I am considering bankruptsy

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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
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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

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

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