Hi, my company was recently wound up. I had signed personal guarentees with some wholesalers, one of which is now chasing me for payment. I live with my mum and am still out of work as the winding was only passed less than a month a go. There is still outstanding monies owed to the company that equate to more than the pg debts. I have sent a income/expenditure to the creditor but they are unwilling to agree. I dont own any assets so bankruptcy would mean the creditor gets nothing but they don't seem to understand this. What's the best for to deal with this? Any help will be greatly appreciated, thanks

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gmbradley2

This is a difficult one. A friend of mine was in a similar situation.

The company ended up taking them to court but as you do own any property they cannot obtain a charging order and as you are not working they cannot do an attachment of earning (taking money straight from your earnings). If you are on benefits they can possibly take some money from that.

I would say to keep correspondence from / to them but realistically if your doing your best I don't see what else they could ask of you.

Im pretty sure they can still make you bankrupt even if it's not actually beneficial to you as by doing so they mark you as being unable to handle your finances.

May be an idea to speak to a professional company regarding this as by having them in place it could add a little weight to your case to them.

Hope this helps in some way