LTD company after bankruptcy?

danjackson2021

To be a director of a LTD after being discharged will it be very hard for the company to credit?

would your credit file have a huge impact on the new company?

MattMattMattUK

danjackson2021 said:

To be a director of a LTD after being discharged will it be very hard for the company to credit?

would your credit file have a huge impact on the new company?

It will likely be impossible to get credit with one of the directors being a recently discharged bankrupt, but the reality is that if it is a new business then borrowing would be almost impossible anyway, at least without the borrowing being guaranteed by the directors.

No one is going to lend to a new Ltd without guarantees in place.

MEM62

The credit rating of a LTD Company and that of its individual Directors are not linked.  However, if the company is new or has a poor rating then credit is usually obtained by one of the directors guaranteeing the loan.  If you are a recently discharge bankrupt the you could not offer any such guarantee.