I owe a creditor some money. i have asked for another six weeks to pay.. but the wont wait any longer. Another problem is that they is a discrepancie of £5000.00 that i dont owe but they dont want to listen. Can i still buy time to clear all these matters befire the wind up my company ? what do i do.
2006-10-13 23:13:39 · 6 answers · asked by deep 1 in Politics & Government ➔ Law & Ethics
Go and see your solicitor straight away.
2006-10-13 23:17:20 · answer #1 · answered by scragette2000 5 · 0⤊ 0⤋
A winding-up petition is an extremely serious statement of intent by a creditor in shutting down your company due to unpaid debts. It is the strongest action a creditor can take against your business and is often the natural next step in the debt-chasing process after a statutory demand for payment has gone unheeded.
2014-06-11 04:22:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Since you are in a financial mess I assume that you can't afford to obtain legal advice. In that case just work at getting your affairs in order. Evidence of that will keep your creditors happy. The legal process takes time, so you should use that to straighten things out. Have YOU listened to why you are supposed to owe the £5000 ? If it comes to a Meeting of Creditors (necessary before a winding-up) you will be able to thrash that out.
2006-10-18 05:49:24 · answer #3 · answered by Malcolm 3 · 0⤊ 0⤋
If you owe money, you know you owe!! you have to pay! They have proof. What can you do? talk to the creditors and ask for more time. But promisse you'r going to pay!!
2006-10-14 06:21:36 · answer #4 · answered by alfonso 5 · 0⤊ 0⤋
Just 'cos they petition doesn't mean they'll get it.
You need to see a specialist in bancruptcy law. Before anything happens, get a massive overdraft, send as much money and assets as you can off shore to protect yourself. I hope you don't own a home.
Chill dude, it's only life, they can't kill you, unless you're in a muslim country, or Korea.
2006-10-14 06:23:05 · answer #5 · answered by Anonymous · 0⤊ 0⤋
buy time and lobby them
2006-10-14 06:34:33 · answer #6 · answered by Abel M 2 · 0⤊ 0⤋