We are applying for my husband's business to be struck off as it is insolvent with no money to pay a liquidator. The business debt helpline suggested that the lease (which has another four years to run) may be problematic as he gave a personal surety. We have been married just 3 weeks and he has lived with me approx 9 months. As the business has been failing he has not contributed at all to the house/bills etc so there is no beneficial interest there. Given that he has no assets (other than a van worth around £500) plus other credit card debts what would the landlord stand to gain through a bankruptcy order if it came to that? It's obviously something we would seek to avoid.
Firstly please check out the procedure to strike off as it needs to be done in the correct way.
Secondly the landlord may not decide to pursue Br, instead he / they may decide to follow a different route which would include a county court summonds and then they could pursue
attachment of earnings bankruptcy bailiffs etc etc etc
so you need to try to understand what the debt liability actually is and work with the landlord to minimise any debt owed to them
We are applying for my husband's business
Posted - 19 February 2009 : 19:01:29
