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 Ltd company Bankruptcy
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dufduf
Starting Member

United Kingdom
8 Posts

Posted - 01 June 2009 :  23:46:40  Show Profile  Reply with Quote
I have worked for myself for the last 10 years, 2 months ago i lost my job,right out of the blue.
We had to use the tax money to pay the bills and now my accountant has said i owe a massive bill.
If i declare my company Bankrupt, what will happen, will they right the debt off. We had some bad advice from our accountant ad not a lot of help, i have been to the C,A,B but the guy only confused things.
Any help would be great.

CMJ
New Member



96 Posts

Posted - 02 June 2009 :  08:27:27  Show Profile  Reply with Quote
Hi

We were in a similar position, we dissolved the company and went personnally BR as because my hubby was director HMRC would have come after us for tax owed, we had to fill forms out for HMRC as we told them we were BR they seemed to accept that we therfore had no funds to pay the companys debt.

Hope this helps.

At present we have heard nothing from HMRC regards to company and on Companies house it shows as being dissolved.

Regards Michelle
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dufduf
Starting Member

United Kingdom
8 Posts

Posted - 03 June 2009 :  23:05:22  Show Profile  Reply with Quote
Michelle,
Many thanks, any help is help.
Thank you
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Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 03 June 2009 :  23:30:07  Show Profile  Reply with Quote
you are not necessarily liable as a director for the limited companies HMRC liabilities.

i would recommend you take professional advice - from one of the forum experts - who have expertese with both busines and personal situations.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
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dufduf
Starting Member

United Kingdom
8 Posts

Posted - 08 June 2009 :  22:21:17  Show Profile  Reply with Quote
Many thanks,
I have had more help in two posts, than the Accountant that i have used for years.
Thank you
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