company bankruptcy

[bubbles4920]

my friend is really worried as their company is going bankrupt. someone said she will need to pay �5000 + VAT to go bang but she hasnt got it. how can you go bang if you cant pay to do it? i thought it was only about �180 but maybe that is if its yourself not a company. any advice more than welcome!

[Ethel]

http://www.insolvency.gov.uk/freedomofinformat ion/technical/generalliquidationqueries.htm

[themas]

You can get free independent advice from Business Debtline - 0800 197 6026

[2complicated]

You do not have to pay to make a company bankrupt, this is only if the company wish to do it on a voluntary basis.
If the company has no money, it must cease trading, but just wait for a creditor to make a winding up order on the company, and the official receiver (a government dept) will do the rest.