Having read lots of post I think my partner will be allowed to carry on trading once we both go personally bankrupt. He is a sole trader of a small business where he subcontracts. My question is - Will the business be shut and then he will be allowed to start over again or will he just be able to continue as normal with no changes. Also is it usual for the bank to close his business account and if so how would he continue trading. He does not owe any money on the business not even an OD. His debt is a personal one along with mine. His bank is barclays and he does not draw a wage. I hope you can help
I am not too sure about how a business would work with someone who declares personal BR but will bump this to the top so that one of the experts can answer. If no-one answers select the 'experts' link on the left and you can ask them the question directly although it would probably be better for your husband to have a call with one of them as there may be a lot to discuss regarding the business.
Having read lots of post I think my partner
Posted - 26 May 2009 : 15:31:22
