We are joint leaseholders on a pub but only I’m going bankrupt – will we lose the lease?
The best advice is to check the lease agreement for bankruptcy clauses. The lease is not the only issue here, as if there are assets such as stock, furnishings, etc involved, these would become part of the bankrupt person’s estate and it might not be possible to continue anyway. But usually this would require the non-bankrupt partner discussing a new arrangement with the pub chain with a view to continuing solo.
Bankruptcy UK offers a full bankruptcy administration service, including dealing with creditors, completing the all important Income and Expenditure, professional completion of the relevant paperwork, etc. Feel free to call us for a chat about your circumstances on 0800 5977 977 or 01425 600129.