For queries about your identity check, email nida nidirect. For queries or advice about criminal record checks, email ani accessni. For queries or advice about employment rights, contact the Labour Relations Agency. For queries or advice about passports, contact HM Passport Office. For queries or advice about pensions, contact the Northern Ireland Pension Centre.
If you wish to report a problem with a road or street you can do so online in this section. If you wish to check on a problem or fault you have already reported, contact DfI Roads. You must have JavaScript enabled to use this form. Enter a valid email address. This feedback form is for issues with the nidirect website only. You can use it to report a problem or suggest an improvement to a webpage.
Enter your feedback characters maximum. Enter your question characters maximum. Extra comments optional. What to do next Comments or queries about angling can be emailed to anglingcorrespondence daera-ni. What to do next If you have a comment or query about benefits, you will need to contact the government department or agency which handles that benefit.
Carer's Allowance Call Email dcs. What to do next Comments or queries about the Blue Badge scheme can be emailed to bluebadges infrastructure-ni. What to do next For queries or advice about careers, contact the Careers Service. However, as you have entered into liquidation voluntarily, you will not face the same level of scrutiny as you would if the company had been forced into liquidation by a creditor compulsory liquidation.
Upon completion of the liquidation, the company will be struck off the Companies House Register and it will cease to exist. Any debts which could not be repaid through the sale of company assets will be written off unless a company director had signed a personal guarantee. Ordinarily, no. In the vast majority of cases, the directors of a limited company are not personally liable for its debts thanks to the protection provided by limited liability.
That means assets such as cars and properties you own personally will not be at risk. However, there are a number of things you may have done while running the limited company that could make you personally liable for its debts. That includes:. If you have a business loan that you cannot repay following the liquidation of your company, then the property you secured the loan against could be at risk.
The best-case scenario is that the liquidation process raises sufficient funds to pay off the loan in full. As long as the money is properly accounted for and repaid then this is something they are perfectly entitled to do.
The problem comes when the company becomes insolvent and the money has not been repaid. In this case, as part of the liquidation, the insolvency practitioner will ask for all outstanding sums to be repaid. If you are unable to repay the money from your personal funds, the liquidator could decide to take legal proceedings against you which would put your personal assets at risk. During the liquidation, the insolvency practitioner liquidator will investigate the actions of the current and former directors in the three years prior to the insolvency.
If a creditor has repeatedly tried to recover a debt without success, they may employ the service of a bailiff or an enforcement officer to collect the debt on their behalf.
If you are unable to pay the debt in full, the bailiff is entitled to take goods from your limited company to sell to recover the money for your creditor. Alternative finance. Funding methods such as invoice finance and other asset-based funding channels an alternative to bank borrowing, and may be appropriate for your business.
If you are behind with your tax payments, HMRC may agree a Time to Pay arrangement that offers payment of the arrears in instalments. Interest and charges are frozen, and any remaining debt at the end of the term may be written off. Company administration. Larger companies can benefit from entering administration , which is a process that provides a moratorium period when the administrator can formulate a plan without the threat of legal action against the company.
CVL places the interest of creditors first and allows the company to be brought to an orderly end. If you are employed by your company as well as being a director, you may be able to claim director redundancy and other statutory entitlements in the same way as your staff members. After an insolvent company has been liquidated and closed down, it is struck off the register at Companies House. There are restriction on setting up a new company with the same or a similar name, however, your insolvency practitioner will be able to advise you further on this.
For more information and professional guidance on limited company bankruptcy, please call one of our experts at Begbies Traynor. We can arrange a free same-day meeting, and work from offices throughout the country. Here at Begbies Traynor Group we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes.
This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. What happens when a limited company goes bankrupt? The UK's Market Leader. Affected by Covid? Restructuring or Closure.
0コメント