Experienced this in the UK, after a few weeks the company phoenixed overnight and we were expected…

That’s a huge issue with UK company law currently. I’ve seen it many times, & even got ripped off (only for the figures, but still) by a company doing that.

It should be as illegal for a company to sell it’s assets to another company (owned by the same director[s]) for a pittance (or even without money changing hands!) as it is to do that with your house to avoid death/inheritance taxes.

Literally, if a company does that then goes bust within a week, the sale should be revoked in the same way.

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