Ahh ok Foggy
Im struggling too,
My iva is handled through my IP theyre asking for the letters as they have not recieved anything.
This letter is from another insolvency practitioner on my liquidated buisness.
They want to raise my debt with them to £25k from 16k (£6k debt £10k fees)
Over additional costs like chasing x employees which there was none.
State of the books (compiled by an professional accountant)
And 5 years of my personal and buisness account details.
Its not as if it was complicated.
Each month i took 66% out of buisness as a dividend and 33% was paid corporate tax.(accountants advice)
The liquidators wanted the dividends. 5 years worth.
This was voted on by a group of people and the liquidators got told no.
The liquidators (now 2 of them) are asking for a revote to open the vote to others to raise to 25k.
Again, if this happens.
Whats to stop them to come back after 5 years of dividends which were rightfully and legally given to me as it was all done openly.
I mean the max they will ever get is £50k
With the house sale.
And even then when its all dividied out to the other creditors or whatever theyre called.
% wise, theyd get £5k, so they would get less if they push this bollocks.
Id be homeless, carless, jobless and most likely familyless and just an oxygen thief. I mght as well go live in a box.
I made a mistake, im owning that mistake, ive not once tried to be dishonest. What these liquidators are doing is dishonest. £250/hour.
All because i misunderstood corporate tax. And my accountant said.
The moneys yours, do what you want with it.
Back then, i was in a terrible place mentally. I should never have jumped into contracting. I didnt understand it then, and i dont understand it now.
I struggle with written instructions.
Reading comprehension isnt great
