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 if i bankrupt my company would i have to pay
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JOHN21
Starting Member



1 Posts

Posted - 24 March 2009 :  08:55:32  Show Profile  Visit JOHN21's Homepage  Reply with Quote
if i bankrupt my company would i have to pay an old outstanding 2008/9 VAT bill which i was not able to pay
and any outstanding PAYE

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 24 March 2009 :  09:02:57  Show Profile  Reply with Quote
Hi John and welcome to the forum

You actually cannot bankrupt a company - br is for individuals.

Company insolvency is slightly different and needs to be handled in a different way

You need to understand what assets the company has on its books, also what other liabilities and what personal guarantees you may have for other debts ( loans, overdraft etc etc )

You may decide that the first course of Action is to speak to Melanie Nicolas as she works for a firm who offer specialist winding up procedures for Ltd companies

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com

Real People ..... Real Debt Solutions
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