Insolvency Winding Up Advice
Winding up a company is a form of insolvency. If a winding up petition has been issued against your company then you need to read more about how to deal with the winding up petition by clicking on the link. If on the other hand you mean you wish to wind your company up because the business cannot continue trading any longer because it is making losses, that is known as a company liquidation which you can find out more by clicking on the link.
Lisa came to see me about 5 months back regarding her business winding up her company because she had debts that she could not pay back and she was being pressured by the bank and other creditors to take out loans against her house to pay off some of her creditors so they will not wind her company up.
First of all I had to explain and convince Lisa that the limited company is a separate entity to herself. Unless she had given personal guarantees to the bank or any of her creditors she was not liable to pay anything to anyone inc VAT or PAYE the tax man. Lisa kept on telling me that the creditors had threatened her with insolvency and winding the company and that they would go after her if they did not get the money from the company.
Trust me it took some convincing to explain to Lisa that she was not liable for any of the company’s debts, the company was a limited company and if any of the creditors were to wind up the company for insolvency reasons, that she would not have any calls on her for liabilities unless she as a director of the company had acted negligently in any way or manner, which she assured me she did not.
All that Lisa wanted was to wind up the company and get a move on with her life. We assisted in arranging a company voluntary liquidation of the company and getting rid of all her creditors with no further come backs on Lisa.
So if you have creditors who are chasing you and threatening you also about insolvency or winding up your company. Then we can help to put a stop to this with a simple telephone call, why and how? You might be asking yourself? Well I have been doing this since 1989 and the best part is you can Google me Moe Nawaz and read the thousands of pages and what others are saying about me. Also take a look on Amazon and see what books I have written on the subject, how many other so called experts can say that, lol.
No really my job is to find out what sort of an outcome you want to see and we will take it from there. So why not give me a call and ask for Moe Nawaz and I will deal with your issues myself, is that fair or not?
Well my number is 0800 24 0800 and yes even the phone call is FREE.
Filed under: WINDING UP PETITION
Like this post? Subscribe to my RSS feed and get loads more!