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No you don’t as a limited company is a separate legal entity. The only exception to this is if you have signed Personal Guarantees for company loans, something the banks do more and more often these days. Please note, you will also need to stand down as a Director of any limited companies during the term of the bankruptcy. If you call us we will email these forms to you.

Bankruptcy UK offers a full bankruptcy administration service and will submit your bankruptcy application online. Court appearances are no longer required for bankruptcy. Call us for bankruptcy help on 01425 600129 or for an informal chat about your circumstances.

Yes it will as the online application asks if there are any attachment of earnings orders in force against you. A garnishment is a court order requiring your employer to withhold a certain amount of your wages and send it directly to the person or institution to whom the money is owed, until the debt is settled.

The Official Receiver will rapidly pull the plug on all such orders as preferred creditors are not allowed in bankruptcy. A more cynical point of view might be that the existence of a garnishment might threaten the OR’s ability to place you into an Income Payments Agreement (IPA).

Bankruptcy UK specialises in guiding people through the bankruptcy process in a no-nonsense, straightforward manner. We will assess your circumstances then submit the bankruptcy application online. call us for an informal chat about your circumstances on 01425 600129.

 

 

Bankruptcy UK-Debt Solution Bankruptcy Experts

Bankruptcy UK-Debt Solution Bankruptcy Experts