If you have a bankruptcy question you'd like to ask, just ask using this online form. All help is free.
Do I Have To Attend My Bankruptcy Hearing?
Question:
A petition for bankcruptcy has been filed against me personally.
I am also a director of a limited company
Do I have to attend the hearing?
Will I still be able to remain a director of the company. I am paid a salary by the company and act as the manager.
Answer:
It is always advisable when you are being made bankrupt or served with papers regarding a court case to appear in court. This allows you to stay abreast of what is happening in the case and so no surprises.
If you for whatever reason cannot attend, you can phone the courts to see what your options are.
Once made bankrupt, one of the restrictions of bankruptcy is that you cannot be a Director of a LTD company.
In some instances you maybe able to maintain your Directorship if you do not have access to the financials of the business or handle money. This will be the Official Receiver’s decision to make.
Thank you for letting me help you.
Jon
If you have a bankruptcy question you’d like to ask, just ask using this online form. All help is free.
Source: Do I Have To Attend My Bankruptcy Hearing?