C
cod1
Guest
I have a small house building company for the last 10 years. It is a limited company. Due to the drying up of work I'll probably have wind it up in the next few months. I should be able to pay all the sub contractors and suppliers and tax man. However the company have a van on finance with a bank with 3 years remaining on the finance - I won't be able to continue these payments one I finish up. Also the company bought a derelict house some years ago that I renovated and put up for sale - with the downturn it never sold - there is a loan outstanding to the bank for this also.
My questions are what do people feel will happen to me regarding the 2 loans. Up till now I have kept up with all repayments but these will have to stop in the next few months.
Will I be pursued for all the monies till everything is paid off?
If I get a job working for a company will I have to pay back via my wages for the next number of years.
Is there anything else I should be doing before I wind up?
Thanks in advance for any advice you can give me
My questions are what do people feel will happen to me regarding the 2 loans. Up till now I have kept up with all repayments but these will have to stop in the next few months.
Will I be pursued for all the monies till everything is paid off?
If I get a job working for a company will I have to pay back via my wages for the next number of years.
Is there anything else I should be doing before I wind up?
Thanks in advance for any advice you can give me