If there’s one question that we hear worried business owners ask more than any other, it’s if my limited company goes bust, will I lose my house?” It’s an understandable fear too. Even small businesses can wrack up huge amounts of debt that they have little ability to pay off. Once a company’s assets have been completely sold off though, where else is there to look for items of any value? For most of us, our most valuable personal asset is our houses. Thankfully, this doesn’t usually mean that you’ll have to part ways with your home, but there are some scenarios in which it’s a possibility. There is a link to article in the comments.
Kate LISTER 🌷
5mo
Excellent article Ben 👌
Very useful, thank you.
Senior Business Consultant at Forbes Burton Ltd
5moLink to article https://www.forbesburton.com/insights/if-my-limited-company-goes-bust-will-i-lose-my-house