debts from a failed business and general advice

PigSick_2

Found this info for you,

Insolvency service's helpline for general advice http://www.insolvency.gov.uk/contactus/e...

but your best source of advice will be the business debtline, as they specialise in this area and give free advice http://www.bdl.org.uk/index.asp

there's also the Lawyers For Your Business scheme which offers free half-hour consultations with solicitor firms in England and Wales offering specialist advice to small and medium-sized businesses http://www.lawsociety.org.uk/choosingand...

I hope it all works out ok for you.

geeka

thanks for that, i need to get all my facts together and speak to them!

also on another slight topic.

i'm alot in debt (about 23k) and am on a debt management plan which was based on my old circumstances, they have changed now and are a little better, my creditors are happy with what i am paying and havent hassled me for a while. i'm thinking of doing an IVA but got a letter a week ago about a pension fund being wound up and i can have about 5k (3.8k after tax) in a lump sum (np point putting in my nhs pension scheme as i'd buy naff all extra years). i'm just wondering if i can take the cash, use it over 6-9 months to pay for stuff and then do an IVA to solve my debt problems. or could i get it paid to another persons account and they look after the cash?
i know its not really honest but is it legal?
thanks

fiveyearplan

maxmycardagain wrote: »

call in the liquidators and have it dissolved

How do I do that?

PigSick_2

fiveyearplan wrote: »

How do I do that?

Hi, my accountant recommended mine but if you look on yell and search for "Liquidators" Insolvency Practitioners come up and some of their adverts state they deal with liquidations so maybe best to give one in your area a ring and get some advice on where to go from here.

Good luck.

fiveyearplan

Thanks PigSick. How much did you have to pay?

PigSick_2

To be honest it was 5 years ago and I can't remember off hand how much it cost but I do know they sold off the companies assets to pay their bill which is paid before anyone else so it was the company who really paid the bill not me personally. They act very much like an official receiver in bankruptsy as they have to file a report on the conduct of the director, company secretary etc. The report findings determine how long, if at all, you are disqualified from being a director of another company. Obviously if you didn't pay your taxes then this goes against you. Hope this helps but it is all very easy and painless. I did have to pay the accountant to do me a personal set of accounts for some reason, possibly to show I hadn't been milking the company? Best to give them a call because things might have changed now?Good luck

PigSick_2

There is some info on the companies house website

http://www.companieshouse.gov.uk/about/gbhtml/gbw1.shtml

I had a look at my 3 while I was there sob

PigSick_2

PigSick wrote: »

You best check your rights because with mine it still had assets to sell, you might get some sort of reduction? I know you will still have to send a final set of accounts to companies house in anycase. Good Luck!

I just noticed on the companies house website that no final set of accounts was submitted?