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Petition to Windup Company

  • 80SGIRLWOKEUP's Avatar Posted by
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12 Mar 08 #16603 by 80SGIRLWOKEUP
Topic started by 80SGIRLWOKEUP
I have just noticed on internet that a petition will be heard tomorrow to wind up my exs company by one of his suppliers who he has failed to pay!
I have emailed my sol and hope to speak to him tomorrow
Any advice would be welcome
what implications does this have?
thanks 80s

  • 80SGIRLWOKEUP's Avatar Posted by
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13 Mar 08 #16654 by 80SGIRLWOKEUP
Reply from 80SGIRLWOKEUP
I am replying to my own post!!
Bit more infor Ex is 100% shareholdrer and has threatend to run business into groung for last 18 months
Hes a gambler, hes currently at Cheltenham
and there is a petition hearing in High Court today to wind up his business!
Im in mat home in joint names
Is there any action I can take to protect myself at this time?

  • itydntk
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17 May 08 #22741 by itydntk
Reply from itydntk
My company was wound up last November. Although you may have answers to your questions now given its a while since you posted I can give some input on the process. Initially the winding up of the company is just that. There is no personal impact at this stage. Assuming no part of the MH or anything other assets are linked to the company then this should not affect you.

The stage that can have an impact is if the liquidator finds grounds to seek money from your ex, i.e. Director's Loan. If it is found that your ex owes the company a substantial amount of money then a statutory debt notice may be issued to prove the debt. Once this is done then they will be in a position to apply for his bankruptcy.

At that point it ceases to be a company issue but a personal one. If a petition for bankruptcy is issued then it affects your joint assets.

Hopefully this helps.

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