Showing results for tags 'piling'.
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Hi. I have been self employed for 3 and a half years now. Running a fashion store, bricks and mortar etc. I was in one location for 3 years and 6 months ago moved to a bigger location, more 'prominent' and the rest. Long story short (for now), I am now closing the store and hope to focus online selling clothing, but not under the business trading name. (a new venture). However, I have debts chasing me, from clothing suppliers/brands. I do not have the money they are asking for, and I have had a letter in the post now asking for a final payment immediately. Or the usual 'take legal action'. The business is now LTD. But these debts where incurred when the business was a sole trader. What are my options here? Is there anyway at all I can cancel this debt under the business and fold the business? Any advice/suggestions welcome. Thanks.
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