Company Helpline
0800 411 57 03

Do you feel like...

  • You want to put the debt behind you
  • You want to get rid of the stress
  • You just need a fresh start

Call
0800 411 57 03
so you can
make a
Fresh Start
Today

 

 

Your Life After Liquidation

Ok, so your company is now going into Liquidation – now what?  In most cases you can carry on as if you had never had the company in the first place.   There are a couple of potential stumbling blocks.

Personal Guarantees.  If you have given a guarantee on a debt (banks tend to ask for these) then you will have to deal with this.  You are now personally liable for that debt.  In most cases though they will just want to come to a repayment plan.

VAT.  If the VAT have lost a significant amount of money through your previous Liquidation then they may ask for a deposit on your future VAT payments (if your new company is VAT registered, of course).

Banks.  Depending on the bank you use, and your history with them, they may well want to know why the company went into Liquidation.  Some are more stringent on this than others.

Apart from that, there are few side effects to worry about, just spend your time getting on with your new life.

Make a fresh start in Business today - call 0800 411 57 03 now.

Next Steps... What happens if I don't Liquidate?How do I start the ball rolling to Liquidate my Company

 

 life after company liquidation
Dragons Business Clinic was very supportive all the way through the Liquidation Process