Legal action - can I combine debts owed to my two limited companies

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Lance replied

13 April 2023, 22:10
Originally posted by NotAllThere View Post

You are person. You can take clients to court for non-payment.
The first company you own, it can take clients to court for non-payment, via it's director.
The second company you own, it can take clients to court for non-payment, via it's director.

Do you understand now?

its
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NotAllThere replied

13 April 2023, 20:17
You are person. You can take clients to court for non-payment.
The first company you own, it can take clients to court for non-payment, via its director.
The second company you own, it can take clients to court for non-payment, via its director.

Do you understand now?
Leave a comment:
Lance replied

13 April 2023, 11:28
Originally posted by interestedparty View Post

I may need to initiate debt recovery proceedings against a client - the debts are owed to my two limited companies. Can I combine the debts owed to each company, or would I need to initiate two separate actions.

you can't "combine" debt.
There are two separate debts to two distinct legal entities.

If you really think it's easier to purse one, then one company needs to 'buy' the debt from the other. The same way as companies sell debt to debt collection agencies.
Or sell one company to the other as an entire legal entity.
Both options are overly complex IMO
Leave a comment:
interestedparty started a topic Legal action - can I combine debts owed to my two limited companies

13 April 2023, 10:54
Legal action - can I combine debts owed to my two limited companies

I may need to initiate debt recovery proceedings against a client - the debts are owed to my two limited companies. Can I combine the debts owed to each company, or would I need to initiate two separate actions.
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