We are closing our sole trader business. 2 years ago one of our main suppliers went into voluntary liquidation through one of the main liquidation companies. For one year we received statements from the liquidator and we had been paying amounts. The statements stopped but the former director of the company was calling in personally for payments on behalf of his bank from our understanding. Now he is involving his bank in talks with us to secure a final payment even though his company is listed as liquidation complete.
Where do we stand on the remaining debt. My husband who is the owner of our business said that his(former director) banks guaranteed his purchasing and he owes the bank money. It is the director in person who is now seeking the debt and not the liquidator.
We have not refused payment but we are not in a position to pay it in full or even close to be honest.
Where do we stand on the remaining debt. My husband who is the owner of our business said that his(former director) banks guaranteed his purchasing and he owes the bank money. It is the director in person who is now seeking the debt and not the liquidator.
We have not refused payment but we are not in a position to pay it in full or even close to be honest.