Reply to: So just had a call...

[Cliphead]

Anyone can check that they have gone into administration so don't worry about that.

You may get a letter from the administrators asking for equipment back it depends on the records the company kept - I got one from a company I had long left before they went under.

If they want the equipment back they can buy at the Barras market next weekend, fck them.

[SueEllen]

I'm more bothered about the possible lack of a reference since they've done a runner and I don't want a gap on my CV.

Anyone can check that they have gone into administration so don't worry about that.

You may get a letter from the administrators asking for equipment back it depends on the records the company kept - I got one from a company I had long left before they went under.

[Cliphead]

So you setting up a stall at 'The Barras'?

The desktops I'll donate to the local community centre for the older folks in the village to learn with (as long as I don't get roped in for the training).

The laptop which had Win 8.1 installed has now been upgraded to Win 7 dual boot with Linux Mint 17. I'll hang on to the rest of the kit altough I don't have a server farm anymore now that I'm using VM's.

I don't bother with TV so I'll sell that on Gumtree along with the HD Freeview box I grabbed as well.

I'm more bothered about the possible lack of a reference since they've done a runner and I don't want a gap on my CV.

[RSoles]

So you setting up a stall at 'The Barras'?

[NickFitz]

Better than nowt

[Cliphead]

Well done that man!

Not as good as getting paid, but some consolation.
How's the head?


BTW, just in case, this never happened; I ain't seen you, right.

Like I need more kit

A little consolation indeed. Looks like they've locked the doors and thrown away the keys, done a runner in other words.

[RSoles]

Well done that man!

Not as good as getting paid, but some consolation.
How's the head?


BTW, just in case, this never happened; I ain't seen you, right.

[Cliphead]

Wonder how it went..................

Newish Lenovo G500 laptop, couple of older server spec machines, 5 x Dell desktops & monitors, new 32" Panasonic HD telly, 24 port Netgear switch.

They told me to take what I can fit in the car

[PurpleGorilla]

Bump

[RSoles]

Wonder how it went..................

[Pondlife]

Bit of a tulip situation CH.

Best foot forward!

[CloudWalker]

Yeah, rough one. Sorry to hear it.
Go in tomorrow, collect your possessions to the tune of a month's billing.

We did this back in 2001 when I worked in the music industry and they closed our London office.

I got 20 x Dell GX1
5 x platinum discs
And a table and chairs from the office canteen

[Batcher]

Here in the Netherlands, the highest ranking creditor is the tax office, which effectively means nobody else ever gets anything.

It used to be the case in the UK too but changed a few years ago.

[Mich the Tester]

If/when the company goes into liquidation (it's not clear if that's the case yet) then OP needs to: "prove" the debt by sending invoice copies to the insolvency practitioner; write off as bad debt in the company books; claim VAT relief if applicable, i.e. if not using VAT cash accounting method.

Creditor's ranking is then as follows (annotated in italics as best I understand it):

• Fixed charge holders.
  - secured loans, e.g. on property/assets
• Liquidators' fees and expenses.
  - conveniently, practitioner’s fees will match the value of assets + co. debtors, leaving none left for those below
• Preferred creditors.
  - employee's kept on by the administrator (PAYE, NI & pension contribs.)
• Floating charge holders.
  - employee's fired within 14-days of co. going into administration
  - HMG other taxes
  - unsecured loans
• Unsecured creditors.
  - other suppliers, including OP's invoice
• Interest incurred on all unsecured debts post-liquidation.
  - late payment interest on OP's invoice
• Shareholders.
  - whatever's left (probably nothing)

Source: Practical Law

Here in the Netherlands, the highest ranking creditor is the tax office, which effectively means nobody else ever gets anything.

[Contreras]

If/when the company goes into liquidation (it's not clear if that's the case yet) then OP needs to: "prove" the debt by sending invoice copies to the insolvency practitioner; write off as bad debt in the company books; claim VAT relief if applicable, i.e. if not using VAT cash accounting method.

Creditor's ranking is then as follows (annotated in italics as best I understand it):

• Fixed charge holders.
  - secured loans, e.g. on property/assets
• Liquidators' fees and expenses.
  - conveniently, practitioner’s fees will match the value of assets + co. debtors, leaving none left for those below
• Preferred creditors.
  - employee's kept on by the administrator (PAYE, NI & pension contribs.)
• Floating charge holders.
  - employee's fired within 14-days of co. going into administration
  - HMG other taxes
  - unsecured loans
• Unsecured creditors.
  - other suppliers, including OP's invoice
• Interest incurred on all unsecured debts post-liquidation.
  - late payment interest on OP's invoice
• Shareholders.
  - whatever's left (probably nothing)

Source: Practical Law