tad_admin Staff asked 8 years ago
2 Answers
answered 8 years ago

There is not really enough information here to answer this question as there may have been dividends drawn, guarantees given and there could be some impact in some situations. Taking legal advice may initially be your best option. If you find that you require assistance with your unsecured debts, perhaps arising as a result of the company ceasing, then contacting a debt adviser should be your next step.

This question was answered by Debt Advice Foundation, an independent UK debt advice charity. If you need further help, Debt Advice Foundation provides a free, confidential helpline and can advise you. Click here to find out more.

answered 8 years ago

You may potentially be affected if your company goes bankrupt after you resign as director. This is particularly true where you may have personally guaranteed some of the lending/debt within the organisation. Please seek further free insolvency advice

This question has been answered by CAP UK, a leading debt charity offering hope and a solution to anyone in debt.