It seems odd that this company was placed into liquidation almost without your knowledge - notwithstanding that as a 33% shareholder you would have had to have consented to this. As a result of the company's failure, you are now left with corporate debts which the banks will expect you to pay. Give...

Is there any likelihood of assets being realised in the liquidation? You mentioned that your former co-director is still trading a part of the business. How much did he pay to acquire that? Hi, As far as I am aware he paid nothing. It's not as if they tell me everything they even started the liquid...

MelanieGiles wrote:

Paul - how much is the equity - ie the value of the property less the mortgage?

Approx. £53,000 if the house is worth £140,000 until I get it valued this is my best estimate it could me more.

Paul,

How much equity do you have in the property Paul? Hi Melanie I am not 100% sure as it has not been valued but a one bedroom leasehold flat 4 doors down sold for £135,000 mine is a one bedroom freehold house. According to www.mouseprice.com they estimate between £144,090 to £176,110 with an average ...

Hi, thanks for the reply's. It was a limited company, but the overdraft and loan was a personal guarantee. My former business partner took part of the liquidated company and is now running it as a new company so I am not bothered what happens to him as I feel I have been mislead over the years anywa...

In June 2008 my business partner told me he was folding the company we had formed together in 1998 (He had 2 shares I had 1). He was the Financial Director and Company Secretary, he took care of the whole liquidation process including the appointment of the Liquidators etc. The company has now gone ...