Chasing debt for company in receivership

[milly19]

Hi again

can someone tell me....

If a company is in the hands of the receiver, can company directors chase any outstanding debt for services provided prior to the company going bust?

Many thanks for any help with this.

M

 

[FE]

Are you talking about work you have done for the company in administration? If so then you will be on the creditors list and the reciever will write to you.

If itis work the company in administration has done for you then again the recieverwill contact you for payment

FE

 

[milly19]

Hi there

what happened is a company i worked for went to the receivers, my partner and i have since set up our own company and one of my clients used the company i worked for previously my client has told me one of the former directors is chasing a invoice, i thought once a company had gone into receivership the directors had no further rights to collect any invoices due.......

Many thanks

 

[GRDCredit]

The invoice would still be due for payment and very often the Receiver will retain previous staff/directors to help collect money as well as offer any other assistance

This is assuming that he is asking for a cheque payable to the company and not himself of course!


Geoff

 

[JEREMY HAWKE]

The invoice would still be due for payment and very often the Receiver will retain previous staff/directors to help collect money as well as offer any other assistance

This is assuming that he is asking for a cheque payable to the company and not himself of course!


Geoff

Well Geoff I hate to admit it but I do rub shoulders with some dodgy directors

Its has become common (maybe not legal) to reinvoice in the name of the new ltd companay for work done by the old .My company has recently recieved such an invoice and at this stage I am still undecided as to what Im going to do about it

 

[GRDCredit]

Well Geoff I hate to admit it but I do rub shoulders with some dodgy directors

Its has become common (maybe not legal) to reinvoice in the name of the new ltd companay for work done by the old .My company has recently recieved such an invoice and at this stage I am still undecided as to what Im going to do about it

You are a dodgy lot down in Devon!

In the scenario described by you - what's in it for you if you do pay the new invoice? If the liquidator of the old company came after you for the money the fact that you had already paid the new company is not going to help!

From another point of view if you are not talking big money the liquidator is not going to waste too much time chasing you so you could probably sit and do nothing and pay nobody!

I know your business ethics won't allow this option


Geoff

 

[Geoff T]

"phoenix" - the way forward!

so the legal discussion is "privity" vs "rights of third parties"...know where I'm putting my money...

As long as the courts want to retain moral high ground!:|