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Hi I am not submitting accounts on the company I am dissolving and the new bank would want to see current accounts before taking on the 5 k. I do not know anything about selling a company on eBay. How do I find out?
Apologies for my delay on this one - my wifi went down and I have only got it up and running again!
Your responses have been very helpful. I am still with my initial quandary as to the best next steps. I have a new company and new bank account up and running but the new bank want to see 6 months revenue on my company before committing to an overdraft facility.
As I have explained, I still have 5k overdraft in my current bank account that I will not be able to transfer because I have not submitted any accounts on this company and am applying for it being dissolved instead. I don't think my current bank account will be impressed with that so I just want to arrange a way of repaying the bank the 5k without it becoming an exorbitant loan interest rate or it go into default and the debt collectors get involved and thereby screwing up my credit reference.
Is it realistic that I propose to pay back the 5k over three months at the same rate of interest that it is currently on as an overdraft facility.? The overdraft facility id up for review in two days and I want to try and reach an equitable resolution whilst I am still in term with the overdraft rather than waiting for it to go into default.?
but if the bank decide to go down the default route will this influence my credit rating?
Okay . Final question on the matter. My overdraft review is due on the 3rd April 2015. How long have I got before the bank can make it a defaulted position if they decide to be bloody minded and don't accept my proposal to pay within 3 months? Do they have to give me notice of some time before they pass it on to the debt collectors?