Will i get anything? | Page 2 | on ElectriciansForums

Discuss Will i get anything? in the Business Related area at ElectriciansForums.net

A visit to your local CAB is required.

I think you will be viewed as a "creditor" and will come low down in the "pecking order" when it comes to payment. Rather worryingly I suspect they will have arranged a pre-pack liquidation which means they can walk away from their debts and start a new business. This is legal.

Your problems may not stop there - were they deducting tax from your payments? and if so do you have ANY confirmation that they paid anything to HMRC - as if they did deduct and did not pay HMRC, you'll need to pay HMRC "again"

Sorry mate.

happened to me before, got a demand letter, although not much and sorted it out myself.....I have seen it happen to other people before and one of them was a few £K......they generally send you a "I believe that you owe me" letter...if you get in contact with them (HMRC)right away i.e this week they will generally appreciate that and try to work something out, maybe even write off a portion if they can see for definite that it was not your fault.....get in touch with the insolvency service (gov department-find on google) and get in touch with their administrators (the notice will be online if you google the company name- it will come up with joe blogs ltd under administration by so and so LLP as it will be in the "industry" publications) then go in as an unsecured creditor, that way you will be legally recorded and it will be on file, you will then have a better case with any tax demands that might appear....even if you only get 50p from them you will be able to apply to get the future tax demand that may appear to be reduced or "dispenced" by the HMRC
 
I myself suffered this last year,jad 2 companies who went pop,fortunately managed to get paid from one as i knew they were going under,another went bust owing £700 not that much compared to some but if someone in the street wanted to theive that out of your wallet you would put up a fight,in our circumstances not much we can do,and when legal paperwork hits the doormat and says its £250 an hour to write a letter i run a mile,i was told that i might get a 1p in a £.Sorry to be the bearer of bad news
 

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