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acm
Junior Member
United Kingdom
274 Posts |
 Posted - 28 May 2011 : 15:24:11
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| Sorry, Its that long since I have been on the site I think I posted in the wrong section! Anyway, any advice would be appreciated. A friend of ours has a problem. Her partner (they are not married but been together for 10 years)has a business with another guy which is folding due to customers not paying invoices. They have decided to go bankrupt. They have been in business themselves for several years but only went Limited 3 months ago. Can someone advise on writing off the business debt and also our friend and her other half have a house together. From what we gather there is not a lot of equity in it. However, our friend has absolutely nothing to do with her partners business dealings and is now very worried where she stands in keeping hold of her house. Please help if you can. |
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Bigal4787
forum expert
United Kingdom
641 Posts |
Posted - 30 May 2011 : 23:34:16
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Hi and welcome back,
we need a bit more information before an answer/advice can be given, but I'm assuming that your friend was in a partnership with someone else, but formed a limited company 3 months ago, but as a result of invoices not being paid, they are now suffering from cash flow problems. So when you say go bankrupt, do you really mean wind the company up?
Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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A Friends Problem
