Mike.C
Established Member
RogerS":2fg6uzze said:I take your point, Mike, but I think the thread has become a bit clouded in starting to talk about 'companies'.
On reading the first post, I don't see any reference to person B owing money to companies in a B2B relationship. I read it as a private indvidual maybe owing money to credit card companies, maybe the taxman, maybe the mortgage company etc.
So although person B might have had to declare themselves bankrupt in any event in the not too distant future, the fact that they took out a loan to pay off Ste (whilst extremely laudable and an honourable thing to do) could be perceived by the other creditors as trying to hide assets - daft though it sounds.
Ah Roger, now maybe I should have read the whole thread before I placed my post. After scanning through it, I was under the impression that this person "B" was running a company and except for Ste, all his other debts were to other companies. Now (although I still don't agree with it) I can see how others may think that there is a fiddle going on.
Ste you really should get professional advice.
Cheers
Mike