Liquidation

[gunners29]

Hello,
I was a minor shareholding Director of a Limited company, that went into liquidation over 3 years ago. I have just recieved a letter demanding £1,800 from one of the suppliers which was left owing money.
Do i need to worry about this?
Never had anything like this in the past 3 years.

[Postdog]

I am no expert so I cannot really answer other than to say that probably the main attraction of trading as a limited company is because it limits the personal liability of the shareholders. As such I can't see why YOU are being chased.

But as said, I'm no expert - maybe there are loopholes or restrictions.

[venator]

If the company is wound up, nobody should have any continuing claims.

If, however, you have given any personal guarantee, or purchased these goods in your own name, rather than that of the company, you may still have a personal liability.

In the absence of further information, you might just advise them that the company has been wound up, and refer them to the Liquidator.

[ubasses]

I believe they need to apply to your liquidator/trustee for a proof of debt form and deal with them. They should have done this within 12 weeks of your liquidators being appointed.

[themas]

If a personal guarantee was given then there is a liability, but if this was the case was it only you that gave a guarantee? Surely the major shareholding directors would have done so rather than - or as well as - you?

If there is no guarantee then this letter looks rather like a fishing expedition. Have the other directors had something similar?

[ChuckFickens]

If you notice this was posted in Law, not Religion and Spirituality, Kayless.