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Running A business when bankrupt
jay09
Posts: 28 Forumite
Hi All
Unfortunately the time as come when we are going to have to make ourselves bankrupt. I have a few questions if someone can help. I'm currently in full time employment but in my spare time/weekends i do valeting. I'm wanting to register my business and hopefully this wiil come become a full time job. What will happen to the business when we go bankrupt, There are no assets in the business only a van which will become the sole transport of the household.
Unfortunately the time as come when we are going to have to make ourselves bankrupt. I have a few questions if someone can help. I'm currently in full time employment but in my spare time/weekends i do valeting. I'm wanting to register my business and hopefully this wiil come become a full time job. What will happen to the business when we go bankrupt, There are no assets in the business only a van which will become the sole transport of the household.
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Comments
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You can trade as a sole trader while BR, as long as you trade under the same name you have used before. You cannot be the director of your own limited company.Incommunicado
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