About to go bankrupt. Am the sole director of a limited company (IT contractor)
Company has €50k of funds in it. I have no personal cash.
Before bankruptcy I appoint someone else as director in my place - and I become a PAYE employee of said company.
What happens the €50k in company cash account? Any potential consequence for me I should know about?
Company has €50k of funds in it. I have no personal cash.
Before bankruptcy I appoint someone else as director in my place - and I become a PAYE employee of said company.
What happens the €50k in company cash account? Any potential consequence for me I should know about?