I have a company who was made bancrupt IN 2008 I am being forced to pay £369,000 in ilegal dividends as I was advised to take them instead of wages - 1/2 of this was my buisness partners however I am laible for hers !
My bank has a 2nd charge of £85,000 - I had agreed to pay £70,000 to the liquidators as a settlement howEver I was rasising this by the sale of my barn( A SMALL PART OF MY HOUSE) to mY father but the bank wont release the charge on the 10% of the estate ( even thought the mortgae company would). Now the liquidators want to declare me bankrupt and make me sell my house ( this is owned with my husband who has no dealings with the liquitators) - can I sell my 1/2 of the house to my father- MY MORTGAGE IS £395000 & THE VALUE IS £600 APPROX
hi and welcome to the forum it would appear that your case may need careful handling and i would humbly suggest that you take some advice initially free from the forum professional experts (link on the left of the page) namely Paul Johns from RevivaUK www.revivauk.com and melanie from jones giles www.jonesgiles.co.uk they will no doubt advise you of your best course of action and options available to you
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman) RevivaUK and Paul Johns helped me through it all i can't recommend them enough!!
I have a company who was made bancrupt IN 2008
Posted - 15 February 2010 : 22:54:18
