Limited company dissolved 2020. Pepper debt collecting for BOI

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Rascal11

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Hi- company was dissolved 5 yrs ago. Recent letters to the address where company was registered received from pepper demanding payment with interest. I can only think of one debt which was Bank of Ireland but in company name.
 
Yeah sorry. Just received the letter so in a panic. Do Pepper have any authority here if there were no personal guarantees and it was a Ltd company
 
I am presuming the debt moved from Bank of Ireland to Pepper as part of Bank of Ireland selling some of their loan book. So can Pepper write out chasing the debt which they now own?, of course they can. The question becomes is the company and it's directors still liable for the debt

From a company perspective, dissolving the company does not necessarily mean the debt is gone. Was the company solvent or insolvent when you dissolved it, were you aware of the debt at the time and did you inform Bank of Ireland.? How much are Pepper seeking here.
 
I personally wouldn't be answering to a letter sent to the address of a company that's been dissolved 5 years. Who was it addressed to ? Have you set up another company at the same address ?

Edited just to say I don't know what the company law is here and have no Ltd company experience.
 
Thanks Elcato. Letter was passed to me from a the registered address. Book of business was sold so they may not know its limited or dissolved with no personal guarantees. Its for 12k. Im not responding. They could request from high court to reinstate the company as its currently not a legal entity but the cost and effort involved not worth it esp since we have no personal guarantees etc. I had meetings with BOI once business went insolvent to advise I wasn't in a financial position to repay the company debt and wasn't transferring to my name. Addressed to company and no other company set up since. Thanks again. Appreciate the feedback
 
I'm confused, you state you sold the "book of buisness", I presume your goodwill and client list at the time, yet the company was insolvent. What happened the revenue from that sale, did you use it to pay off other creditors and were they preferential creditors over BoI or did you just take the money any walk away?. Did you go through a proper insolvency process.?

Risk here is not any guarantee, risk is that you, as a company director, could be held personally liable.
 
Don't do anything. A debt due from an insolvent dissovled company. They would need to get the company reinstated (High Court & expensive) and then demonstrate that, for whatever reason under company law, that you are liable. This won't be happening for €12K. The bin
 
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