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Finding it all rather humiliating

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Comments

  • Flyright
    Flyright Posts: 424 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    The way it was spelt out to me was that it implies anything being done which is akin to what a director would be doing...so if you just want your friend in the company to sign the accounts and have his name at company house while you effectively perform the same role as you were previously doing, well that makes you a director in every other sense of the word..and like one of the other replies said, you will be in breach of the restrictions of your bankruptcy. And that will likely lead to a BRO.
  • wolfers
    wolfers Posts: 246 Forumite
    What you're saying makes sense to me, but it means I'm even more !!!!ed off with my IP, who I massively overpaid to do !!!! all. (Sorry for the swearing: I'm really feeling it today.)

    It's a stupid rule. I'm just trying to earn a living. I'm not trying to screw anyone over. I guess I'll just have to be a sole trader for a while. Does Business Debtline know about this stuff. I really need to get proper advice. Will the OR tell me what to do?
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Hi wolfers I know from previous posts Business Debtline have helped them, do try them tomorrow x

    click on blue link below

    http://www.bdl.org.uk/
    "If wishes were horses, then beggars would ride"
  • onward
    onward Posts: 199 Forumite
    Wolfers, don't count on any advice from the OR about how to keep your business going. It's a distinct legal entity from you, so other than your personal guarantees for it, they don't touch your business.
    VSP Challenge 2014 #??? - £9.97
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