UK Bankruptcy Law
Ask an UK Bankruptcy Law Question, Get an Answer ASAP!
no its a ltd company tax bill for around 25k. i have paid out all company funds to myself as dividends and wages and now the company is in no position to pay its tax. i thought as i had no assets there would be little they could do except make me bankrupt which wouldnt bother me but i now find out i have half this house in trust which will become mine when my mother dies or sells it
really thats good news i thought they could issue a notice of personal liability. i've been afraid to buy anything for fear of them seizeing it or leviing on it or whatever. ive just been fileing their demands in the bin. how should i respond to them the company has ceased trading and has 70 pence in the bank and no other assets at all or should i just ignore them and let them do what ever it is they do under these circumstances
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).