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Liquidation And The Bankruptcy Process - Bankruptcy UK

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Liquidation And The Bankruptcy Process

Telephone business advice and support for business owners and directors looking for support and assistance. 0800 5977977

As a limited company, if we decide to decalre bankruptcy what are the consequences

Answer

You need to remember that you and the limited company are separate legal entities and you would only be liable if you signed Personal Guarantees. You would need to stand down as a Director for the term of the bankruptcy. You could re-appoint a stand in Director during this period or close down the company completely. This is a service we offer – you are welcome to call us on 02380 119066 or 0800 5977 977 if you would like to chat about this.

 

Bankruptcy UK

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