info on company that has gone bankrupt and started a new company ie new skills

[maggie1954]

hi would like some information for my son who entered into a credit agreement less than two months before the company went into liquidation. Since then, the company has been formed under another name and have been harassing my son for outstanding monies, even though, no credit agreement has been been signed for with the alleged new company. As far as I'm concerned the agreement was with previous and therefore does not exist anymore so this makes the credit agreement null and void. Also, they have taken money under false pretence which I feel is misleading. any feedback would be appreciated

[des8]

Re: info on company that has gone bankrupt and started a new company ie new skills

If a company goes into liquidation the winding up is done by a liquidator who is responsible for collecting outstanding assets (money, debts, property etc), realising their value and distributing the proceeds to creditors.

WAS the company a private limited company?
Was the credit agreement with the company or a finance house?

The agreement will not be "null & void", but unlikely it is due to the new company.

[Crazy council]

Re: info on company that has gone bankrupt and started a new company ie new skills

you would need to know details of the liquidation, i think they are available online, just can't remember.

But generaly, the debts,credits would be sold to the new company by the liquidator/trustee, It would not make a difference to the agreement he entered, there is probebly a part about transfare in there.

There may be some curcumstance were the debt isnot owed to the new company, but the debit would still be owed, to other creditors or liquidators

this should help

http://www.bis.gov.uk/insolvency/companies/howdoisearch

[wales01man]

Re: info on company that has gone bankrupt and started a new company ie new skills

I did not think a liquidator would sell the debts to a new company who would buy a debt and pay it?

[Crazy council]

Re: info on company that has gone bankrupt and started a new company ie new skills

Hi walseman, i meant clear debt at agreed % then could deal with credits due, like if you place your own business in LIQ and then take it out, after negotiating with creditors. Am not sure this, was just general opinion, but i did explain it wrong.. The OP did not put up much deatil so i was just giving a general oppionion..

[wales01man]

Re: info on company that has gone bankrupt and started a new company ie new skills

That would be in an ideal world reality is new company no debts paid stock and equipment brought for a pittance.