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Directorship and bankruptcy
Comments
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I doubt that would wash with the judge. To put it in perspective in 10 years i have come accross 1 case where it was granted by the judgeHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
I presume they are not traded, so normally you would go of the net assets on the balance sheet
Thats exactly 420 pounds ... only asset company owns is used apple laptop :-) .... so just under half of it is mine (205 roughly), bu because we trade as small company we are not required to submit yearly statements etc ... so it would be hard to prove ... And we started trading not even year ago ...0 -
Well the OR is going to write to the company secretary to prove it at some pointHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
Oh and probably clarification ... i do this in my free time outside of my job :-) ... so i am not dependent on this0
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also remember that as the OR will be holding the shares, if you get the patent and increase the value of the company and thus the shares you will be increasing the OR's assetHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
how long do you want to wait for, the OR can hold the shares forever if they want to
Also i would think that being the company secretary would involve in someway acting in the promotion formation or management of a companyHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
btw just to add that if you try and get round the rules, remember it is a criminal offence not a civil matter as this person recently found out
http://www.mynewsdesk.com/uk/view/pressrelease/insolvency-service-national-company-director-jailed-for-sixteen-months-following-insolvency-service-investigation-489803Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
how long do you want to wait for, the OR can hold the shares forever if they want to
Also i would think that being the company secretary would involve in someway acting in the promotion formation or management of a company
forever ? -- i thought thats only until discharge ?
this is form companies house guidance : "The company secretary usually acts as the chief administrative officer of the company, leaving the directors free to concentrate on running the business."
so no management, no formation (company already exists) and no direct route to management ...
BTW: this is just to find out more ... i will resign from all posts as of monday next week (letters are signed and on the way to CH)0 -
Not sure if this helps at all....but for information purposes.
http://www.company-formation-agent.com/html/company_secretary_.html0
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