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s4pps
Junior Member
252 Posts |
 Posted - 05 September 2008 : 09:02:45
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Hi :)
Hoping someone can help with a few questions.
1. I understand that if I include the Lease to the shop (which still has 7 years to run) on our BR papers then the shop literally shuts there and then. What happens to the stock that's just arrived? As I haven't paid for it, and therefore don't own it, does it go back to the suppliers? Would hate for them to lose out.
2. Can we do a closing down sale before the date of the BR hearing? I certainly don't want to commit fraud, so the last thing we need is to do something illegal!
3. If we didn't include the lease, can we try and keep the business going? I understand I would have to trade under the same trading name. What happens with card payments as I understand I can't have a business account?
4. If the business still wasn't succeeding and we admitted defeat could the lease be added onto the BR papers after a few months? Or is it a caase of if it's not on the papers on the date, they can't?
Sorry for all the questions, this is just such a huge area. We've discussed the house, the car, the kids, but this is the only bit we're struggling with.
Thanks in advance for any help :) |
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s4pps
Junior Member
252 Posts |
Posted - 05 September 2008 : 12:38:46
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Hi Paul,
Thanks for taking the time to reply :)
So am I right in understanding that the lease HAS to be surrendered on the day we would go to court? |
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