Recent content by Bosch

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    Insolvency Advice please.

    Thank you everyone. It seems to me that Striking off will be the solution fit to my company. But do I need first to stop the direct debits; close the company's bank accounts and send letters (as in Spongebob plan) to creditors before Striking off?
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    Insolvency Advice please.

    Thanks StevensOnIn1. I got it now. What about striking off; is it a step I should take or should I do anything as in Lisa's answer? Thank you
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    Insolvency Advice please.

    Hi everyone, Since my company doesn't have enough funds to pay an IP I've opted to follow Spongebob plan but I fail to understand Step 5: Winding Up. Is this a step that my company would eventually face? Is Lisa's Company's option 3. Follow dissolution procedure same as Spongebob plan...
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    Insolvency Advice please.

    Hi Scalloway, No I'm not planning to wound up. Is it not a natural step in the Spongebob's plan?
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    Insolvency Advice please.

    I was quoting Spongebob's plan in not applying for striking off since he said its optional starting to get confuse now. Am worry about the timing as for the winding up I will have to wait for their reply and attend the interview at some point. I am sure I won't be in the country by then as I am...
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    Insolvency Advice please.

    Thank you Scalloway for your prompt response. I will follow your advice. So if choosing no to apply for strike-off using form DS01 the process would take longer? Thanks again for your advice
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    Insolvency Advice please.

    Thank you Scalloway. If I understand I can start the plan right now as I've already ceased trading (no need to wait 3 months before sending the letter to creditors?). So will you recommend stop the bank Direct Debit first or send the Spongebob plan's letter to creditors as in step 2? Apply for...
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    Insolvency Advice please.

    Thank you StevensOnIn1 and Scalloway for your reply. I'm so afraid of even starting Spongebob plan because I don't want it to get it wrong. So please be patient with me. Also, I was just sent a letter from HMRC asking to deliver a Company Tax Return for the period 13 August 2015 to 31 March...
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    Hi Spongebob, I'll appreciate your advice. Could you please have a look at my post: The...

    Hi Spongebob, I'll appreciate your advice. Could you please have a look at my post: The Spongebob plan_feeling stock. Thank you very much in advance.
    • Bosch
    • Profile post
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    Insolvency Advice please.

    Thanks for getting back Scalloway. I feel you're not advising me to follow the THE SPONGEBOB PLAN. Please correct me. The company has not creditors yet apart from myself who still borrowing money to the company to pay the bills. If I cancel the telephone contract and web hosting then they will...
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    Insolvency Advice please.

    Thank you Scalloway, So I can perfectly apply THE SPONGEBOB PLAN? I was just a bit confused as the way Spongebob defines Ceasing Trading: "No further contracts, either sales or purchase, should be entered into, and work on long-term contracts should cease." I interpreted purchase as being bound...
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    Insolvency Advice please.

    Hi Kulture, Thanks for the encouragement but I still need some directions. So you recommend ceasing trading would this means no purchasing or buying for three months before actually striking off? My last actual purchase was about three months but the company still paying the mobile contract...
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    Hi Spongebob I will appreciate your advice. I want to implement THE PLAN but don't know where to...

    Hi Spongebob I will appreciate your advice. I want to implement THE PLAN but don't know where to start. Please see my post: Insolvency Advice please
    • Bosch
    • Profile post
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    Insolvency Advice please.

    Hi, I will like to close my company down for lack of business and personal circumstances. Needless to say, the company is in the loss and wouldn't have money to pay an Insolvency Practitioner to liquidate it. I want to implement THE SPONGEBOB PLAN but I don't know what do to as I'm still...
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