Hi. I am one of 2 company directors which have a claimed served against us from one of our creditors. We have undergone voluntary administration (insolvency option) through BDO two weeks ago. The amount is for $9115.00 + indemnity costs + interest. The date served was 12/08/2014.
I am 60 years of age, have no assets (no home as I'm renting at the moment) and no income as I have no job. What are the implications or the worst case scenario?
We have 28 days from the date served to dispute the claim in the form of a notice (Form 6).
How should I respond? Also, will I need to find out the outcome of the meeting with creditors to find out the extent of payments made to them (if any)?
Thank you in advance.
I am 60 years of age, have no assets (no home as I'm renting at the moment) and no income as I have no job. What are the implications or the worst case scenario?
We have 28 days from the date served to dispute the claim in the form of a notice (Form 6).
How should I respond? Also, will I need to find out the outcome of the meeting with creditors to find out the extent of payments made to them (if any)?
Thank you in advance.