Summons for non-payment

Discussion in 'Insolvency' started by Iffy22, Feb 4, 2018.

  1. Iffy22

    Iffy22 UKBF Newcomer Free Member

    Posts: 20 Likes: 0
    So what happens to the company now? I was the sole director and the company is insolvent. Would the OR deal with the company as part of my bankruptcy?
     
    Posted: Feb 5, 2018 By: Iffy22 Member since: Jan 26, 2018
    #21
  2. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    Posts: 1,683 Likes: 208
    I suspect Gavin means the personal debt to the landlord (incurred from the PG) will fall as a creditor of your Bankruptcy.
     
    Posted: Feb 5, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #22
  3. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    Posts: 1,683 Likes: 208
    No - the Company will be left in limbo and will most likely end up being dissolved by Companies House for non filing of returns, unless a creditor Liquidates it.
     
    Posted: Feb 5, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #23