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Jessica
Consultant
Chris The Lawyer, Expert
Hi My name is ***** ***** I am a New Zealand lawyer based in Wellingtonwith more than 42 years of experience. I am here to help with your questions.
Chris The Lawyer, Expert
Is this debt just in the company name? If that is the case then you should tell IRD that your company has ceased trading and has no assets. In that case you would not be personally liable.
Chris The Lawyer, Expert
You need to explain your finances in full and say they can liquidate the company but that you don’t have any money
Chris The Lawyer, Expert
Only if there is a personal guarantee which you signed
Chris The Lawyer, Expert
Sure. The personal guarantee would be an issue but only if you signed one specifically
Chris The Lawyer, Expert
Glad to help
Chris The Lawyer, Expert
Sure but anonymise it so the names cannot be seen
Chris The Lawyer, Expert
You do need to explain your personal circumstances
Chris The Lawyer, Expert
Your company is separate from you, but you need to explain the company is insolvent, but also you personally are insolvent
Chris The Lawyer, Expert
Yes
Chris The Lawyer, Expert
Please feel free to contact me again