I want him out of my limited company and as it is only a small company I cannot afford solicitors. I was hoping someone would be able to help me who knew about the law in the UK.
I have just recently found out that due to health issues i am no longer allowed to drive but i would still like to work and have another income to help out .. does anyone know any legit work at home ...
Basically, it allows domestic washine machines to use milk instead of water, allowing the user to produce cheese in the drum. No more buying expenive cheeses at the supermarket! I have a world patent,...
When I was a kid I went around getting lawn mowing jobs to raise extra money. Now kids never knock and ask for that job. Further if I did find a kid to mow what would the going price be for about ...
I have a small business. One of my customers just declared bankruptcy while owing me over $2,000. What can I do to make sure I get paid in the bankruptcy settlement? Additional Details W...
I have been searching online for legitimate work at home sites, either computer related or video game related. It is so hard, even with good reasearch, to know if they are legitimate or not. I was ...
I need something that will allow me to work from home and doesn't charge for me to sign up to work for them....
ssbk
I am going out of business and have one vendor I can't pay. the debt is just over 1000.00. What can they do?
Additional Details I just received a letter that it has been turned over to a third party collection agency. Should I negotiate with the collection agency or call the company direct?
try to negotiate with them to come up with an agreement on how to handle the debt.
that way they don't have to sue you. set up a meeting to cooperatively decide how you can both agree to resolve this debt.
adamwstein
It depends on how your business is set up. If it is a sole proprietorship, then you are personally liable for the debt. If you are incorporated or set up as an LLC or LLP, then the company and partnership is liable. You would then have to liquidate all of the company's assets and try to pay off the debt before making a distribution to yourself, but they cannot go after you personally.
Larry W
If you are sole owner and not incorporated, you could be personally sued. Or they can report your debt and make it very difficult for you to get loans, buy cars or houses etc.
The best solution is to contact the debtor, explain the situation, and
ask them to accept payments from you until the debt is paid.
Kourtney M
See if you can get a loan to pay them, that you can pay back over time.
Jessica B
The only thing that they can do is take you to court and try to sue you for that money owed.
horse_lady94
You should try to call the collection company, maybe they will accept a reduced amount of money from you or they can set up a payment plan with you.
Lamont
Sue
Hector Victorious
They can probably sue you for the money.
wartz
Maybe a small claims suit, maybe referral to a collection agency, maybe a write-off. A collection agency would probably keep 50% of whatever they collected when they collected it so maybe you could make them some kind of settlement offer?
T.J.
If you owe them money, you should try to pay them. Borrow the money. Sell your car. What ever it takes. Just do the right thing.
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