Hello my name is ***** ***** I will help you with this.
Do you know if the Company has any assets please?
It looks like no, COmpany accounts show a credit of less than 1,000.
Ok. Then you need to be pragmatic.
If you make bankrupt you need to pay the Court fee and the Official Receivers deposit.
Let me just get those fees
about 1,400 I think
Yes around that.
So you can take a punt to see if the OR can discover assets.
Or you can take a hit.
Sadly legally it is that simple. You make a commercial decision either way
But Is he alklowed to still be trading, if he owes me tis money and says he cannot pay
Sorry about my typing
If he trades then he can't under the name of the Comapny
His personal situation seems to be far from pauper status
The OR would then take control of all his assets and money
Yes. But sadly you have no contract with him personally but the company
SO if I underastamd what I have gleaned from the web, only the OR can make a decision whether he has or is illegally trading
Thanks for your help Alex, after the fact I can see this is his third company that has gone down owing money to creditors. It seems the law has no answer to this
Indeed. But the OR may then recommend he is disqualified as a Director.
Or is there one
Thanks again for your help, have a good day
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