- Original Poster
- #1
My business has been struggling for a while and after making lots of changes over the last couple of years to try to make it viable it became increasingly obvious that it wasn't working and the business was going down hill and the only solution was to close the business. I thought I'd be able to do this myself with my intention to wind it down, selling off stock to pay debts, however, what has become clear over recent times is that this isn't viable and I'm now struggling to pay the business debts, I have creditors chasing me and threatening legal action within days. I've searched online for Insolvency Practioners but I'm overwhelmed by whats out there and don't know where to start - companies saying it will cost £2k and will be done quickly and easily and I can walk away with no personal liability, through others saying it will cost £6k and I could have personal iability, through to companies offering to buy my company for a pound and I walk away debt free. I'm drowning and don't know where to start. Could anyone help me get some clarity with it please?
