Do I have to include the partnership debts

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appledore

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Post by appledore » Tue Jun 01, 2010 11:57 am
I was bankrupted due to a debt from a previous business while in partnership with my son in a current business. I can raise enough to pay my creditors in full for my own business. Do I have to include the partnership debts to get an annullment
 
 

Michael Peoples

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Post by Michael Peoples » Tue Jun 01, 2010 12:01 pm
To get an annulment you must clear all debts or have an IVA approved. This would include any partnership liabilities so it may be worth seeking some advice from an IP firm to determine the best way forward.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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