Post by crojoe on May 13, 2012 14:45:35 GMT 1
Was talking to a friend today and he mentioned that in parliament they are discussing change to the law on liquidation of a company, and that they want to be able to include peoples private assets for company debt. For example, if you owe money to the government and your company does not have the money to pay this money back then they want to be able to come to your house and liquidate your personal assets. Can some of you ask around to confirm this, as it's the first I have heard of it and kind of goes against the grain of common law. In theory if this was so then the tax office could liquidate your house from under you, car, computers or anything you own really. I have always understood that the only items a d.o.o. in debt can be liquidated off are the company’s legal assets.
