Last year, i started a LTD company. I have two good clients which were paying huge amount for their projects. So i take a loan to complete the projects within 3 months my client went bust. Our bank account went £9000 overdrawn without an overdraft. Now the debt agency is chasing me for the money. Do i declare myself as bankruptcy? Will declaring bankruptcy cause problem to my company?
I was thinking that i appoint my father as new director of the company and declare myself as a bankrupt.
Need to choose a business International Collections Agency Commercial Debt Recovery collection agency?
Showing posts with label overdraft. Show all posts
Showing posts with label overdraft. Show all posts
Monday, May 9, 2011
Thursday, January 6, 2011
My company is going into liquidation. My question is that am i liable for the overdraft?
I have a small farm in USA now it’s going into liquidation and the bank account has an unpaid overdraft of $30,935.
The problem is that debt collection agency chasing me for the amount claiming me of which i was a guarantor. Now the bank makes it clear to me then i have to pay as i was a guarantor on the overdraft.
I have put this problem to National Asset management agency and hopping to settle down all the legal issue as soon as possible.
Labels:
amount claiming,
bank account,
guarantor,
liquidation,
overdraft
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