Business Rates Debt

My LTD company currently owes just over £3000 in business rates that has been sent to the "collections department" and after getting in touch with the local council they have told me that unless a payment of at least £1,000 is made by the end of the month, even with making 1 person redundant, cutting the pay of another and reducing the outgoings by over £100 a week this is looking increasingly unlikely.



My questions are:

• If i cannot pay what can the bailiffs take, i have read else where that they can take tools of the trade? i don't fancy my 5 year in the making £12,000 toolbox being sold for a pittance leaving me unable to make an income..


• If i move everything that isn't on lease can they take other peoples tools?


• Last month i incorporated a new LTD company, can i ring the council as the new company and tell them we've taken over the building or will they still attend?

I am feeling ill with worry and can't afford to take the advice of an debt write off specialist.



Dean.

Business Rates Debt