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JGM, Solicitor
Category: Law
Satisfied Customers: 12188
Experience:  30 years as a practising solicitor.
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perhaps you can, almost two years ago my company became

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Hi perhaps you can, almost two years ago my company became insolvent. the insolvency company says I owe 26k in Directors loan however I have left the company with 58,000 worth of personal credit cards of which I have demonstrated that at least 80% is company debt surely this should negate the original directors loan?
Thank you for your question.
The accountants should have credited your directors loan with the credit card debts so as give you a credit balance on your loan account.
Was this not done in the course of trading?
Happy to discuss further.
Please leave a positive response so that I am credited for my time.
Customer: replied 3 years ago.

The payment of the business debts via credit cards were in the management accounts at the time and the accountant does agree with my point of view

Customer: replied 3 years ago.

Just needed confirmation, this helps greatly thank you

You're welcome.
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