Private debt, limited company assets

We might be able to work it out.
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deeplydebty
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Joined: 04 Dec 2013 21:30

#1 Private debt, limited company assets

Post by deeplydebty » 24 Jul 2015 10:41

I understand that an individual's assets cannot be seized to settle a limited company's debts (unless a personal guarantee is in place) but what about assets belonging to a limited company, for which the individual is a director, being seized to settle an individual's debt?

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Schedule 12
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#2 Re: Private debt, limited company assets

Post by Schedule 12 » 24 Jul 2015 13:09

Cannot be taken. Template.
Run this Checklist. If no joy, then we'll fix it
Author: dealingwithbailiffs.co.uk

deeplydebty
Posts: 14
Joined: 04 Dec 2013 21:30

#3 Re: Private debt, limited company assets

Post by deeplydebty » 24 Jul 2015 14:24

perfect, thanks for that. How much do solicitors usually charge for witnessing an SD?

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Schedule 12
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#4 Re: Private debt, limited company assets

Post by Schedule 12 » 24 Jul 2015 14:34

£5
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