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closing company (legal situation)

brianb10 · 2011-09-21 17:50:29

i have a small business in which i made no money, in fact it cost me money so i'm closing it down. i owe one company €2,500 (€500 of which I am in contention with them over). All i have left in the business account is €1600. If i was to pay them the €1,600 and close the business will the debt just be written off or do they…

21-09-2011 05:50PM

#1

brianb10

Registered Users, Registered Users 2 Posts: 112 ✭✭

Join Date: May 2011

Posts: 65

i have a small business in which i made no money, in fact it cost me money so i'm closing it down. i owe one company €2,500 (€500 of which I am in contention with them over). All i have left in the business account is €1600.
If i was to pay them the €1,600 and close the business will the debt just be written off or do they call in a liquidator?
i don't want to have a company that went into liquidation so if that was to happen i would just pay out of my own pocket but I will also have to pay an accountant for this years accounts and to close the business and I don't want to lose any more money on this.

any help would be greatly appreciated.

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