Help Advice Required

Sunny786

Hi,
I am new to the forum and really need advice on the following -
I used to have a limited company which I had to dissolve 2 years ago due to lack of cash flow and new business, prior to dissolving the company the only debts outstanding was on a company credit card balance of around £1400, we wrote to barclays and informed we were dissolving company and was on gazette for 3 months as per process and formally closed. I still made payments to Barclaycard after company closed but now am struggling and to add to this they have just written to me to state your company has been dissolved and we require the full outstanding debt even though the company ceased trading over 2 years ago

Am I as previous director of the limited company liable for this debt as company had no assets and no personal guarantee?

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National_Debtline

Hi Sunny786

If a debt is in the name of a limited company, only the limited company can be held liable for it (unless you gave a personal guarantee). And if the company has been dissolved it no longer exists and the debt dies with it. If you are confident there was no personal guarantee write again to Barclaycard stating that the company has been dissolved, you have no personal liability for the debt and they should stop pursuing you.

If they do say there is a personal guarantee ask them for evidence of this. If you cannot resolve the matter you can make a formal complaint, and if necessary you can escalate your complaint to the Financial Ombudsman Service (FOS). Good luck getting it resolved.

Susie
@natdebtline

Sunny786

Thanks Susie does this also apply if company dissolved and not liquidated?

Mouse007

Sunny786 wrote: »

Thanks Susie does this also apply if company dissolved and not liquidated?

It indeed does, the company is dead. It matters not how it died.