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pete.pg
Starting Member
2 Posts |
 Posted - 20 September 2010 : 12:21:08
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| hi, sorry several monday morning worries.i am self employed and hae always used my real name for trading, can I still do so? I need to go BR but cant even raise the 700£ to do it at the moment. I am in several contracts for work and I am obilged to inform them if I am BR, they can close the contract? Do I have to tell them, how public will this be, will they read it in the papers? And loads more worries? Thanks for your time.p |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 20 September 2010 : 19:20:11
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Worth speaking to one of the experts - found on the panel on the left - to put your mind at rest.
There are also issues about taking deposits without informing someone you are currently Br
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
08454 751 851
Real People ..... Real Debt Solutions |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 22 September 2010 : 12:02:51
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Pete.pg
If and when you go bankrupt as a sole trader, you have to continue to trade under that name. If you traded under a different name, you would be contravening one of the restrictions placed on you in bankruptcy.
Yes the bankruptcy does get advertised in the London Gazette(a publication that all financial institutions have access to), and in a local paper. As Paul said, there are possible misconduct issues if you take deposits for work, knowing that you may be insolvent( in OR terms - Trading whilst knowing insolvent or TKI).
The other question is, what type of business do you run? is your home your trading address, or is it elsewhere, do you hold stock, and do you employ anyone?but as previously stated get advice from one of the experts on this forum.
A former insolvency examiner with the insolvency service until 23 July 2010.
Big Al |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 22 September 2010 : 12:31:03
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Reference my last post, bankruptcies no longer get advertised in the local press, just the London Gazette, apologies for any inconvenience.
Big Al |
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hi, sorry several morning worries
