Advise on bankcruptsy

stacey1981_2

Hi, sorry if iv spelt that wrong!!

I really would like some advise, my farther`s business will be going into liquidation on the 11th feb or there about, we tried everything to save it but no joy

my brother has worked for him for about 12 years and wants to carry on the same type of business, we have spopken to the landlord who is happy for him to remain in the same place, we are just worried about the leagality of it all, we dont want to do anything we`r not supposed to!

would my farther be able to sell the business to my brother? it would be for a very small amount just for few fixtures and fittings, around £1000

would my farther then be able to work for my brother part time??

any help on this I would be very greatful

Airwolf1

You're probably better posting this in http://forums.moneysavingexpert.com/forumdisplay.html?f=136

Savvy_Sue

I think Airwolf is right.

MOVING THREADS FOR BETTER RESPONSES

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere (please see this rule) so this post/thread has been moved to the Bankruptcy board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].

peachyprice

Hi Stacey,
Is it a limited company, or a sole trader?
Your dad or brother can call the business debt line, they will be able to advise the best way to go.

http://www.bdl.org.uk/

stacey1981_2

hi, hes a limited company , I will tell him to ring that number, thanks