Vouchers outstanding

Checkonchef

Registered User
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1
Hi
I run a restaurant as a sole trader and I’m not going to be able to reopen the business. Where do I stand with valid vouchers outstanding?
thank you.
 
Hi
I run a restaurant as a sole trader and I’m not going to be able to reopen the business. Where do I stand with valid vouchers outstanding?
thank you.

Sorry to hear that. You won’t be alone, that’s for sure.

Voucher-holders are unsecured creditors and the amounts are small so they’re very much to the back of the queue.

If your business was solvent, you’d repay them but as it’s not they just lose out.
 
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