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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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I used to be a director and owner of a company, we took a finance

Customer Question

i used to be a director and owner of a company, we took a finance for extra kit of £2500 beginning of this year which i thought was in the business name
however the finance is in my name, about 4 months ago i fell out with my other director and was brought out of the business. so i have no control directorship or shares in the business. ive recently found out my credit rating which is being effected due to the finance in my name, also if the company were to miss a payment it would destroy my credit rating . how do i proceed to get this fixed?
regards Sam
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.
Hello my name is ***** ***** I will help you.
Do you have anything in writing to say they will pay it?
Alex
Customer: replied 1 year ago.
the buy out was all done officially. i signed deeds offer with witnesses there was nothing in writing they would carry on paying
Customer: replied 1 year ago.
??
Expert:  Ash replied 1 year ago.
Ok. Was it run through a solicitor?
Alex
Customer: replied 1 year ago.
yes 2
Customer: replied 1 year ago.
however they were both connected to one of the directors
Expert:  Ash replied 1 year ago.
Ok and they didnt pick up you would still be personally liable?