My partner had a company which went into liquidation (with very little debt). The company they worked with pulled out after 15 years so he had little choice. Also his business partner had taken £125,000 out without his knowledge (we found this out recently).
The liquidators were told about shares that he had bought 15 years ago in the company which pulled out. At the time the company had a turnover of £1000 000 TODAY THAT COMPANY HAS A £52.6 000 000 TURNOVER. If the liquidators had got these assets surely there would have been no debt. The company that pulled out still has the shares but will not talk about them.
Could anyone please advise me on what to do as I am so out of my depth. I have recently paid a Solicitor £3000 and they are still writing to the Liquidators and getting nowhere.
The liquidators were told about shares that he had bought 15 years ago in the company which pulled out. At the time the company had a turnover of £1000 000 TODAY THAT COMPANY HAS A £52.6 000 000 TURNOVER. If the liquidators had got these assets surely there would have been no debt. The company that pulled out still has the shares but will not talk about them.
Could anyone please advise me on what to do as I am so out of my depth. I have recently paid a Solicitor £3000 and they are still writing to the Liquidators and getting nowhere.
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