num85 started this topic @ 00:06 on 02/06/2008
Times are tough - I am a new company director and am about to make myself bankrupt. To avoid loosing belongings which I need for the business I am going to sell most of what I own/need to my ltd company.
I am not too sure how to do this, I know that you cant sell property to companies at an inflated price - can I sell belongings of my own to the company? If so how do I do this legally so it doesn't backfire?
I will of course be appointing a
nominee director to the board upon removing myself as bankrupts are not allowed to run businesses.