Hello. I was wondering if you could help me. I used to be a non-share holder sales director for a company. I left the company at the start of may 2009. My old CEOcontacted me on the 1st of April this year telling me that he has liquised the company and "I may remember" back in 2004 I signed a joint overdraft for 25000 pounds and that if he goes bankrupt then the debt will come over to me. Firstly I moved to Canada in Sept last year and secondly I do not have any money. So any advice on how I could go bankrupt or what I would need to do now, as I dont have the airfair to go between the two countries. I was taken back by this debt as I was told for all the time that I was working for Mr Folkes that I had no responsibility when it came to the money. I do accept that I should have read every inch of the small print over and over again but I also didnt expect to get lied to for 5 years. Any help in this matter would be grateful as I'm very worried about this whole situtation. Thaddeus Howard.
firstly welcome to the forum there are some very knowledgeable professioal experts on this forum and they are willing to help where they can If you are left with the liability of the overdraft and you have no assets then you could always declare BR yourself. This can be done out of the country if you give someone lasting power of attorney, they will then sort everything out in the high court in london for you. I know that Paul Johns from Reviva (one of the experts) handles cases of BR with clients out of the country all the time, i'm not sure about the other experts. But i'm sure one will be along to help soon
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman) Life's too short!!!
Hello. I was wondering if you could help me.
Posted - 15 April 2009 : 09:23:00
