Recent content by TempAccount

  1. T

    Paying staff during an insolvency

    I really appreciate the replies. The context really helps and I've had a series of calls with the RPS, insolvency people etc. to try to understand it more. My original calculation was based on paying four weeks notice as that's what's in our contract, but I've since realised that I should be...
  2. T

    Paying staff during an insolvency

    I have an intro meeting tomorrow. Having done a lot of googleing, it looks like staff are preferential creditors and so should come first in line but perhaps only to a limited amount. It doesn't look like BBLs are secured and I don't think the overdraft would be either. Thanks, Chris
  3. T

    Paying staff during an insolvency

    Hey, I'm unfortunately faced with having to wind my company up and I'm trying to work out what to do over the next few days/ weeks. I owe money to hmrc, a Bounce Back Loan and we're a few thousand pounds into an overdraft. No personal guarantees. No trade creditors. I have enough cash in the...
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