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Creditors Voluntary Winding Up

beedge72 · 2014-05-15 11:37:32

I have a Ltd company that I have not traded with for over 2 and a half years there is 8k owed to revenue. There are absolutely no assets The company is registered at my home address and revenue are threatening to send the sheriff. Would I be advised to try and set up a "Creditors Voluntary Winding Up" of the company? Is…

15-05-2014 11:37am

#1

beedge72

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I have a Ltd company that I have not traded with for over 2 and a half years

there is 8k owed to revenue. There are absolutely no assets

The company is registered at my home address and revenue are threatening to send the sheriff.

Would I be advised to try and set up a "Creditors Voluntary Winding Up" of the company?

Is this a painful process, or is it straightforward?

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Comments

#2 15-05-2014 3:45pm

whomitconcerns

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talk to a solicitor

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#3 16-05-2014 1:56pm

blackbird98

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as above, you should talk to your solicitor or accountant. afaik if the money is owed by the limited company, the sheriff cannot touch any of your personal belongings. no assets = nothing to take!!

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