Underpressure
Registered User
- Messages
- 5
I am a company owner and director that is seriously considering bankruptcy and would really appreciate any advice
The reason I am considering bankruptcy is because I was a sole trader for 10 years and lost a lot of money from 2009 to 2012and have ended up in a mess with a few banks that are putting lots of pressure on me for years and I just can't take it anymore and need a fresh start
I own a small ltd company and its shares , The company is not really worth anything but is solvent and trading and earns me a very small wage
I am wondering what will happen the company when I go bankrupt , I will be resigning as director before I apply for bankruptcy as I can't be a director during bankruptcy but I am not sure what happens to my shares in the company or if the company will have to be wound down
What approach does the official assignee take regarding being a shareholder and the shares in the company
Any advice would be much appreciated
The reason I am considering bankruptcy is because I was a sole trader for 10 years and lost a lot of money from 2009 to 2012and have ended up in a mess with a few banks that are putting lots of pressure on me for years and I just can't take it anymore and need a fresh start
I own a small ltd company and its shares , The company is not really worth anything but is solvent and trading and earns me a very small wage
I am wondering what will happen the company when I go bankrupt , I will be resigning as director before I apply for bankruptcy as I can't be a director during bankruptcy but I am not sure what happens to my shares in the company or if the company will have to be wound down
What approach does the official assignee take regarding being a shareholder and the shares in the company
Any advice would be much appreciated