Recent content by hightower2108

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    Insolvency Practitioner not responding to me.

    Earlier this year my business became insolvent. As a result, I contacted a liquidation company and worked with them to undergo a CVL. The winding up petition was scheduled for 1st September however, three months on I've not had any correspondence from the Insolvency Practitioner, the Courts...
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    Chinese Trade Creditor - Liquidation

    Liabilities £50K BBL £45K Recovery Loan £45-50K Trade creditors HMRC £23K Unsecured creditor £6K Assets £25K cash £130K stock
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    Chinese Trade Creditor - Liquidation

    Thanks Frank, really appreciate your advice.
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    Chinese Trade Creditor - Liquidation

    Thanks for your help Gavin. There's no PG. Do you know what their involvement would be during a CVL in comparison to a UK based unsecured creditor? Hi Frank, Thanks for your reply. I just wanted to be clear that the right thing to do is treat them in the same way as I would a UK based...
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    Chinese Trade Creditor - Liquidation

    My LTD company is highly likely to become insolvent in the next month or two. One of the companies liabilities is an unpaid invoice to a Chinese supplier for £32000. Does anyone know how this debt would be treated during a liquidation?