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CAN LIQUIDATION OF COMPANY BLOCK ILR
Posted: Mon Feb 19, 2024 4:39 pm
by Uche
Hi all,
I registered a company that has been running for the past 8 years. We are currently going through some financial issues and are considering liquidation as option. I have read that individual bankruptcy can affect citizenship application. Can liquidation of indebted company affect directors citizenship applications?
I will really appreciate any advice.
Re: CAN LIQUIDATION OF COMPANY BLOCK ILR
Posted: Mon Feb 19, 2024 4:48 pm
by zimba
Uche wrote: ↑Mon Feb 19, 2024 4:39 pm
Hi all,
I registered a company that has been running for the past 8 years. We are currently going through some financial issues and are considering liquidation as option. I have read that individual bankruptcy can affect citizenship application. Can liquidation of indebted company affect directors citizenship applications?
I will really appreciate any advice.
Citizenship or ILR ?
It can negatively affect a nationality application.
For nationality applications refer to this guide:
https://assets.publishing.service.gov.u ... racter.pdf
Re: CAN LIQUIDATION OF COMPANY BLOCK ILR
Posted: Mon Feb 26, 2024 3:12 am
by Uche
On the link It only state if their finance is not in order. This does not clarify if the person owns a business and the business liquidates. Any further answer could be helpful please. Thanks
Re: CAN LIQUIDATION OF COMPANY BLOCK ILR
Posted: Mon Feb 26, 2024 2:52 pm
by zimba
Uche wrote: ↑Mon Feb 26, 2024 3:12 am
On the link It only state if their finance is not in order. This does not clarify if the person owns a business and the business liquidates. Any further answer could be helpful please. Thanks
This depends on your personal debt liabilities. A limited company has limited liabilities but again, the home office can consider any factor in the grant of citizenship. They are free to reject any application for any reason they see fit and they are not bound to a specific set of requirements per se