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Hello
My company began the process of voluntary insolvency in November 2015, after it ceased trading in July and I couldn't pay HMRC what it was owed.
I've just been contacted by my old accountants (Paystream) asking me for some information so that they can submit my accounts for year ending...
Thank you Lisa. The company paid the LQN fees, everything that was left in the bank. A deal where they took every penny of my redundancy- should I get anything - would be ideal.
Yes, it was a CVL. We had informal chats before we proceeded, discussing my DLA, but they simply said what everyone...
How might that translate into a negotiation? Does a 'strong position' suggest I could look at paying only 90% back? 60%? 20%? Be bold enough to discuss the idea of having the figure struck off?
I just don't want to go into this without any prior knowledge, or understanding of what is and isn't...
Thank you for your replies, but rather than alternatives, I'm actually looking for answers to my original questions.
Can anyone help me with the topic of the thread?
Hello again
My limited company is going through the process of being made insolvent. The meeting of creditors has taken place, and the insolvency was 'approved'. From my understanding, the next step is negotiations with the IP about what I need to pay.
There is only one creditor - HMRC. The...
I do have an employment contract, and my IP has advised me to make a claim. I'm asking them the same questions as I'm asking here - because a second (or third or more) opinion is better, because the advice I've received on this forum has been excellent in the past, and because - at the end of...
Thank you for confirming this. With that in mind, I would be right in saying that any successful claim would be paid to me, personally, in which case I could use those funds to help with any settlement figure I can negotiate with my IP and HMRC? As per my last but one post?
My claim has been started, online, by my IP. I now need to complete and submit the claim, but I was unsure about some of the questions, hence the thread.
But isn't it correct to say that any successful claim would be paid for by the National Insurance Fund?
There is no money in the business. There was enough in the bank to pay to instruct an IP. That's now in their purse. Now from what I understand (very little), the IP will negotiate with me...
The only creditor is HMRC. As they don't vote in creditors meetings to move for insolvency, and at least one 'positive' vote is needed, I was added as a creditor. It's me and HMRC.
Whenever my client paid an invoice, I received an 'Income Statement'. As well as the information you'd expect to see on a payslip (my salary for that period, my salary year to date, PAYE/NI contributions, expenses, etc), it also gave information on the company (income, profit, funds to be...