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What happens if a client goes under?

  • Companion Member PM.Dip
  • Practice Licence
  • 75 posts
  • # 84591

Sorry I think I posted this on the Introductions forum and it should have gone here - :-(

What obligations and to whom and in what order does the bookkeeper have if a client goes under ?

HMRC ?
Creditors - staff 1st or suppliers ?
Client ?

Just a bit nervous.

Thanks,
 

  • Companion Member PM.Dip
  • Practice Licence
  • 75 posts
  • # 84693

Thanks for the answers - I suspected that.

They have (of course) assured me I will be paid but I guess I will just be cautious.
They have spoken with an Insolvency practitioner.

Fingers crossed. 

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