Bankrupt but setting up new business

texranger

bigandy1314 wrote: »

renting premises on £500 per month

so to rent the premises is £500 a month as you state, but then you state

bigandy1314 wrote: »

We estimate this would bring in £200 per month.

so this would make you at a £300 loss each month just with rent, then you have to add heating, elec, telephone, wages, insurance etc.
so you could be looking at a monthly lose of near £1000

Debt_Robot

paulwf wrote: »

What type of business is it OP? The more info we have the better the replies you'll get.

Yes this is a good question.

Please can you put the details of what the business is, whether it is B2C or B2B etc

texranger

using their figures which would give a loss of £1000 a month, no wonder they were bankrupt if they think you can run a small business at a loss of £1000 a month.
this will just lead them back to the bankruptcy court

seismicryan

Debt_Robot wrote: »

Yes this is a good question.

Please can you put the details of what the business is, whether it is B2C or B2B etc

This has been menioned and talked about.. its a beauty salon..

I think perhaps the OP has been misunderstood on some aspects, so maybe when he comes back he can clear up some of the details..

Ryan