Hi, can you please help. I have my own company, it was orig sole trader but is now limited. There is approx 30k owed from the sole trader account and 20k from the limited account, I am trying to get as much money coming through the company to pay the debts. Do you think this is a good idea, and do you have any advice?
Are you actually managing the debts - ie paying all of the instalments as they fall due? If so there is nothing wrong in doing what you are doing, but you must not prejudice the limited company creditors by paying personal creditors first.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
do you have any advice?
Posted - 22 May 2008 : 10:07:50
