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Some myths about Voluntary Liquidation

As with anything of this nature, there are a lot of myths surrounding Voluntary Liquidation.  Some bloke down the pub had a friend who had a friend whose dog once heard that…. You know the story. 

To clear up a few of the more prevalent myths. 

MYTH: VAT & Inland Revenue can pursue you personally for money your company owed. 

MYTH: VAT & Inland Revenue are preferential creditors (haven’t been so for a few years now).

MYTH: You can’t go back into business.

MYTH: You have to make yourself bankrupt.

MYTH: Your creditors can pursue you for any shortfall in their debt.

MYTH: It effects your personal credit record.

MYTH: You have to sell your house.

MYTH: You will be blacklisted for Liquidation.

MYTH: You are exploiting a loophole in the law.

MYTH: You are automatically barred from being a Director.

Call 0800 411 57 03 now to discover the truth about Voluntary Liquidation

Next Steps... What effect will Liquidation have on my future? What happens if I don´t Liquidate my company?How do I start things moving with Voluntary Liquidation?

 

 voluntary liquidation myths
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