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Bankruptcy Self Employed & Preferential Payments
monstermunch33
Posts: 1 Newbie
I am currently going through the motions of applying for bankruptcy.
I have in the region of £40k of debts.
One of my main business costs is stock, and I'm concerned that my regular purchases of stock will be considered preferential purchases?
If I didn't buy stock to sell I wouldn't have/had a business to operate so it was a vital cost of business.
Any advice welcomed!
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