Hello,
A little while back, my father unfortunately passed away, the business was then transferred over to me (Based in United Kingdom, apologies if this is a US forum, if there is a UK section please feel free to move this post)
It has been a few years since the incident, I have since gone Ltd and have had a company recently come forward claiming that I owe them around £8000 of which will be very hard to pay, am I liable to pay this?
Are debts on sole traders tied into the individual and not the company?
Any help at all would be highly appreciated, as you can imagine this is keeping me awake at night.
thankyou
A little while back, my father unfortunately passed away, the business was then transferred over to me (Based in United Kingdom, apologies if this is a US forum, if there is a UK section please feel free to move this post)
It has been a few years since the incident, I have since gone Ltd and have had a company recently come forward claiming that I owe them around £8000 of which will be very hard to pay, am I liable to pay this?
Are debts on sole traders tied into the individual and not the company?
Any help at all would be highly appreciated, as you can imagine this is keeping me awake at night.
thankyou