Hi I have a friend who ran a ltd company ever since we left university and due to the economic climate he is in the process of closing the ltd company down. Now he is a sensitive type and he is fretting because he received a letter from a solicitors firm regarding the business merchant account. He owes £613 to the bank. He has signed no personal guarantees or took out any loans, credit cards etc. I have told him that he is okay and that the bank won't touch his assets (he hasn't any) and because its a ltd company and also it is very unlikely the solicitors will take him to court. The letter is addressed as follows:
The Director
Company Name Ltd
Etc
Dear Sirs,
... We may commence legal action if you do not pay within 14 days ...
have I given him the right advice?
thanks!
The Director
Company Name Ltd
Etc
Dear Sirs,
... We may commence legal action if you do not pay within 14 days ...
have I given him the right advice?
thanks!
Comment