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 if one partner goes bankrupt ?		  New Topic  Reply to Topic
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Andy.fox
Starting Member



1 Posts
Posted - 11 February 2011 :  00:55:31  Show Profile  Visit Andy.fox's Homepage  Reply with Quote
if one partner goes bankrupt what hapens to the buisness

debtinfo
forum expert



2826 Posts
Posted - 11 February 2011 :  06:40:07  Show Profile  Reply with Quote
is it a partnership, is there a partnership agreement, is the business solvent
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Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 11 February 2011 :  17:47:10  Show Profile  Reply with Quote
Hi Andy

insolvency in partnerships, ltd companies and partners within either can be very complex.

If not handled correctly and at the correct pace can have the adverse effect of what you are trying to achieve.

Having everything in the right order will make the process run smoothly and hopefully without a loss of trading to the business.

I would suggest speaking to Paul at Reviva as he has a speciality with companies and partnerships

Richard
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