no there is no personal guarantee on any debt through limited company

dividend payments to me are currently ok and not causing any negative/illegal affect in the company.

many thanks for your helpful advice so far

I will soon start gathering all paperwork etc together

Yes thanks I will do FI my circumstances are as follows: I have a limited company for over eight years and unfortunately due to the recession I have been very badly affected and lost most of the work. I presently receive a salary of £5K and Dividend of £8K(est pa). I am continuing with the company i...

I see I need to seriously consider what may occur during the next five years. If in the future I got a better job and was able to have more disposable income. Perhaps I would pay more of the debt off, or agree a final settlement figure etc. If this were the case then the amount I would have to pay m...