question category: Creditor Calls & Letters

Am i liable for outstanding debt, my ltd company is dissolved!
Submitted on: 11th May 2010 by Non-Member | Total Answers: 1

I leased a laptop when I started my company and PC world used my details for the credit check, I have since dissolved the company and the lease company are chasing the rest of the contract. I have informed them that the company has been dissolved.

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Re: Am i liable for outstanding debt, my ltd company is ...

You need to find out whether the laptop lease was taken out in the company name, you may have signed the lease agreement but done so for and on behalf of the limited company. If this is the case then the debt should have been dissolved with the limited company. However you may be liable for the debt if you offered a personal guarantee. This is a signed agreement stating that you can be personally pursued for payment should the company be unable to repay the debt. so it would be best to check your paper work.

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Submitted on: 13th May 2010 by Rachael Expert

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