I am considering bankruptsy due to personal guarantees made on a liquidated Company. I have a 49% sharehold in another company but no directorship. This company owes me £300K but is worthless currently. If i become bankrupt and the trustees cannot get the money from the company 1. will the company be forced to liquidate? 2. will the shares be retained by the trustees for a period incase their value increases or could i purchase them back for a nominal amount? 3. could i purchase the debt owed by the company incase it is possible in future for the company to honour it
I am considering bankruptsy
Posted - 09 September 2009 : 06:25:12
