Ltd company. do i have to pay previous directors finance agreements.
Posted: Fri Apr 22, 2016 3:48 pm
Hi
I am a director of a company and I have just discovered the previous director took out a lease agreement until 2018. I was not told about this and the leasing company are now chasing me for the amount. I did not sign this agreement it was in the other directors name at the business address. I need to know am I legally liable to pay this debt when I did not know about it or agree to take it on. I purchased this small business through an accountant where I purchased the shares.
Thanks
I am a director of a company and I have just discovered the previous director took out a lease agreement until 2018. I was not told about this and the leasing company are now chasing me for the amount. I did not sign this agreement it was in the other directors name at the business address. I need to know am I legally liable to pay this debt when I did not know about it or agree to take it on. I purchased this small business through an accountant where I purchased the shares.
Thanks