Spongebob Plan for Umbrella style company

[Malexa]

Hi Spongebob,

Very insightful indeed. I am considering this approach but my only outstanding debt is that of a bounce back loan of just under £10K. I have been pretty much insolvent for over 2 years and have been filing accounts and paying the monthly BBL payments from my own personal funds. I am working through an umbrella set-up as the contractual role is inside IR35.

Any suggestions would be most grateful.

 

[Lisa Thomas]

Hi Spongebob,

Very insightful indeed. I am considering this approach but my only outstanding debt is that of a bounce back loan of just under £10K. I have been pretty much insolvent for over 2 years and have been filing accounts and paying the monthly BBL payments from my own personal funds. I am working through an umbrella set-up as the contractual role is inside IR35.

Any suggestions would be most grateful.

Hi You are responding to a very old post - might be better to start a new one of your own.

I have tagged @Ozzy who might be able to move it into the insolvency forum for you.