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If you are made bankrupt on a small business do you still owe on the business rates to the council???
AM I still liable ??

2006-12-06 04:36:02 · 1 answers · asked by Intel369 2 in Business & Finance Small Business

1 answers

If the business was a sole trader.. Yes... Partnership... depending upon partnership agreements.. but based upon the 'joint and severally' responsibility.. Yes.
Limited Companies and Partnerships... No.. the corporate body is responsible... unless you agreed to act as guarantor

2006-12-06 04:41:37 · answer #1 · answered by Boring Old Fart 3 · 0 0

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