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just when things are going well......

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Comments

  • It depends on whether you are talking about the fraudulent trading, negligence etc type of scenario or not. Since that does not appear to be the case here, then the company is responsible for the company's debt. That is one of the main reasons for having a limited company.

    How the company goes about getting the money back from a director / secretary etc is unclear as there are no contracts etc.


    the only contract would be a deed of release/lease agreement and share certificates which all directors of a property company have to sign before they own the property by law....
    Proud to have dealt with with my debts
    Debt free from 18th March 2013, long may it continue!
  • Bean_Counter
    Bean_Counter Posts: 1,496 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    the only contract would be a deed of release/lease agreement and share certificates which all directors of a property company have to sign before they own the property by law....

    Thanks for that. I've not come across this type of thing before.
    Today is the first day of the rest of your life
  • Most of my credit card debt is service charges and portions of late tax return fines!! Thank god I bought a house....
    Proud to have dealt with with my debts
    Debt free from 18th March 2013, long may it continue!
  • lindann_2
    lindann_2 Posts: 272 Forumite
    Debt-free and Proud!
    not suitable
  • sammiboo
    sammiboo Posts: 1,110 Forumite
    solicitor posted the letter to the management company yesterday. We await with baited breath.

    Our mortgage also came through yesterday so i can see this holding everyone up :(
    March 2006 £15,200+ in debt April £843.64 in debt - Debt Free date Sept 2009
    Egg Credit Card - £843.64 5.7%
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