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Anybody know about freeholder rights when a company leasing the land goes bust? I'm way out of my depth!

(3 Posts)
zipzap Thu 25-Oct-12 22:11:53

Anybody who could point me in the right direction - would be very grateful!

I own some land along with couple of other family members - inherited due to parents deaths. It still has old family company on it, company has been sold, they now pay us rent. Except this month - no rent, lots of ignored calls when chasing, told that they were having a bit of a cash flow problem but would get money in in November and pay us then. All very hmm and not good - so have continued chasing them but tricky by phone when they just say that the relevant person is out.

Discovered today the company has gone bust sad. So now need to add ourselves to the creditors list with the auditors - have found out who they are but there are no contact details provided, so other than chasing through a massive company via email (it cunningly has no telephone numbers on its website) is there any other way to get in touch with them do you reckon? Or any other good resource of info for people that are creditors when a company goes bust?

Also - now panic-ing as whereas the land used to generate a (small!) rental income, it's now going to be a liability as I guess we are going to be liable for things like council tax and insurance and security. Can anybody tell me at what point we are likely to be liable from - is it the point that the company go bust or hand us back the keys? I'm now worried that say somebody breaks in and hurts themselves tonight say, then they are going to sue us for damages and we could essentially lose our houses in order to pay them. I'm hoping that until we have been officially notified and given the keys back then they will be still liable but I have no idea and google is such a swamp of info in situations like this, it would be really useful to have some pointers to reliable info to arm myself when going into battle to try to sort some of this sort of stuff up (especially as I know nothing about it!)

Thank you!

shyandquiet Fri 26-Oct-12 00:07:50

You need a solicitor

zipzap Fri 26-Oct-12 12:04:05

Thanks shy - I think you're right, I do. It's just that having been stung before by a solicitor being somewhat less than efficient and knowledgable than I'd assumed they would be, I was hoping to find some pointers or background reading to make sure that I'm asking the right questions!

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