Recent content by Mush

  1. Mush

    BBL of 8K but business not viable

    I have no idea yet what I am doing
  2. Mush

    BBL of 8K but business not viable

    I will be out of the UK by the end of August beginning of September, the bank won't even be looking for a repayment until May or June 2021. Finding an IP whose fees wont go one penny over 4k is not something I can deal with right now. If I had 4k in private funds I would just pay the damn loan...
  3. Mush

    BBL of 8K but business not viable

    At the time I paid the creditors off yes I did think I could make a go of it, I wouldn't have got the loan if I didn't, I am very debt averse, I don't have a credit card or overdraft either business or personal. I started looking into marketing, social media, new designs but my main markets on...
  4. Mush

    BBL of 8K but business not viable

    I can only pay half the loan back with the £4000 that is in the account.
  5. Mush

    BBL of 8K but business not viable

    I have had help with food from friends. I am, with the help of family, moving back to my home country in the next couple of months. I am sorry I don't know what you mean by preferential payments, when I got the loan I still had some orders coming in, about two a week, I had every intention of...
  6. Mush

    BBL of 8K but business not viable

    Ease off on the attitude Mr D!!! I have come here for help, as much as I tried I could not make the business work due to covid even with the BBL, I could have cleared out the whole 8K and used it for whatever but I didn't.
  7. Mush

    BBL of 8K but business not viable

    From what I can see IP's charge £5000 or so to close a company
  8. Mush

    BBL of 8K but business not viable

    I am going to pay that money back to the bank
  9. Mush

    BBL of 8K but business not viable

    You can't afford an insolvency practitioner. Your business can. By using the money I owe to the bank from the BBL?
  10. Mush

    BBL of 8K but business not viable

    I can not afford to pay for an insolvency practitioner I am on £400 a month universal credit! There are no funds in the business The business has ceased trading there are no employees I am the only share holder The business assets, two old sewing machines, are worth probably £100 at best £4000...
  11. Mush

    BBL of 8K but business not viable

    Sorry what do you mean. I used the BBL to pay off all of my business debts, I don't owe anyone money apart from the bank that gave me the BBL. And living on £400 a month I can not afford food half the time never mind an insolvency practitioner!
  12. Mush

    BBL of 8K but business not viable

    Hello. I am hoping I can get some advice on what I can do please. I have a very small Ltd company, the turnover in 18/19 was just 32k. Covid came along and basically orders stopped dead, I applied for an 8K bounce back loan it took three months in total to arrive and in that time I have been...
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