whiteoaks100
Registered User
- Messages
- 20
hi ..can anyone give us some advice please...
After struggling to keep our heads above water and waiting, our company finally ceased trading in Dec '10. My husband and i were the directors.
We haven't the money to liquidate. Our accountant said it'd cost thousands to close the business.
My husband is a carpenter by trade but with no work and no money coming in we had to close doors.
We are owed 11,000 grand from another contractor for roofing my husband carried out for him nearly three years ago now but he has no intention of paying as he himself has ceased trading as well.
We owe a bank loan of 35,000 which was personally guaranteed. We took this loan out to keep the business afloat but now the bank has closed the account on us as there are no funds to pay it. In fairness they haven't demanded any payments yet and we haven't heard from them since february but i imagine it'll only be a MATTER OF TIME before they too come knocking.
The company owed 6,990 in income tax and another bill for rct and paye arrived in the door for 4,100 the other day.
The sherrif was on to us for payment of the income tax and we told him that we had nothing and i mean absolutely nothing that we can pay.
My husband found work two days a week earning 256 gross. we are on a rent to buy scheme so 100 in rent is paid out of that 256 each week straight away .
In addition we get 162 from social on jobseekers allowance. We have four children and receive 625 in childrens allowance, to cut a long story short the sherrif sent out bailifs last friday and they threatened to take our personal belongings if we didn't come up with €1,700 by monday (yesterday). We ended up getting an extension on cr union loan to come up with the money.
We are at our witts ends. I'm so afraid other creditors will send out bailliffs now..in total we owe 70,000 (including the 35,000 to bank) and absolutely no way of paying it. there are no assets for business as my husband always hired out any equipment he needed. We don't have a premises.
All we have is a laptop which is two years old and a cement mixer worth 150 euros.
We contacted mabs in the hope they can intervene with our creditiors for us.i have nightmares that we're going to end up in prison for non payment.
We are barely living week to week. We don't drink or smoke. I go around with a calculator when doing the weekly shop to try and keep it to 160 euros..remember thats between six of us...and the weekly utilities and diesel take the rest.
We didn't realise that once business ceased trading that we'd personally be hounded by our creditors for monies owed..we've told them our personal situation but they still demand payment and have threatened bailiffs aswell so we try to pay each of them a tenner a month and more when we can.
After struggling to keep our heads above water and waiting, our company finally ceased trading in Dec '10. My husband and i were the directors.
We haven't the money to liquidate. Our accountant said it'd cost thousands to close the business.
My husband is a carpenter by trade but with no work and no money coming in we had to close doors.
We are owed 11,000 grand from another contractor for roofing my husband carried out for him nearly three years ago now but he has no intention of paying as he himself has ceased trading as well.
We owe a bank loan of 35,000 which was personally guaranteed. We took this loan out to keep the business afloat but now the bank has closed the account on us as there are no funds to pay it. In fairness they haven't demanded any payments yet and we haven't heard from them since february but i imagine it'll only be a MATTER OF TIME before they too come knocking.
The company owed 6,990 in income tax and another bill for rct and paye arrived in the door for 4,100 the other day.
The sherrif was on to us for payment of the income tax and we told him that we had nothing and i mean absolutely nothing that we can pay.
My husband found work two days a week earning 256 gross. we are on a rent to buy scheme so 100 in rent is paid out of that 256 each week straight away .
In addition we get 162 from social on jobseekers allowance. We have four children and receive 625 in childrens allowance, to cut a long story short the sherrif sent out bailifs last friday and they threatened to take our personal belongings if we didn't come up with €1,700 by monday (yesterday). We ended up getting an extension on cr union loan to come up with the money.
We are at our witts ends. I'm so afraid other creditors will send out bailliffs now..in total we owe 70,000 (including the 35,000 to bank) and absolutely no way of paying it. there are no assets for business as my husband always hired out any equipment he needed. We don't have a premises.
All we have is a laptop which is two years old and a cement mixer worth 150 euros.
We contacted mabs in the hope they can intervene with our creditiors for us.i have nightmares that we're going to end up in prison for non payment.
We are barely living week to week. We don't drink or smoke. I go around with a calculator when doing the weekly shop to try and keep it to 160 euros..remember thats between six of us...and the weekly utilities and diesel take the rest.
We didn't realise that once business ceased trading that we'd personally be hounded by our creditors for monies owed..we've told them our personal situation but they still demand payment and have threatened bailiffs aswell so we try to pay each of them a tenner a month and more when we can.