Ltd Company stock

cr1

Hi all,
As some of you will know, when you are bankrupt you can not act as a director, when i resigned as a director there was some stock left over that i have, does this have to go into bankruptcy? i know that companies / personal bankruptcy are seperate, however if there is no directors and i cant dispose of stock, what do i do?

k2nga

I suppose it depends on what its worth?

Tobiwan_Kenobi

It will depend what you're doing with the company - Is it still trading? Have you gone into voluntary liquidation or appointed administrators, or are you just walking away?

cr1

k2nga wrote: »

I suppose it depends on what its worth?

Hi,
To me about £900 or seems to think tiusands more.

Problem also is that storage cost are increasing.

cr1

Tobiwan_Kenobi wrote: »

It will depend what you're doing with the company - Is it still trading? Have you gone into voluntary liquidation or appointed administrators, or are you just walking away?

Hi, Was hoping to walk away, however im currently storing goods as i have no warehouse and there is no directors to company.

tillboy

Does the "company" owe you any money? Could you take the stock in lieu of payment?

Otherwise, sell it, make sure there's a paper trail and leave the cash in the company account for HMRC et al to pick over when they liquidate