I Am At A Dead End Because Of The Ex

   Your wife is rubbish, but you already understand that. I can't give you advice on how to deal with your financial situation, only on your emotional state. I sympathize with you from the bottom of my heart and I hope you will gather strength for the sake of your children. Know that the wheel is spinning. Those who were up yesterday are down tomorrow. This is not "maybe" or "if" or "most likely", but universal law. It applies to you, me, your wife, Dragan and Petkan. I see that you are looking for a way out of the situation and you are desperate, but maybe this is not so bad because you have an incentive to look. Who seeks finds. If you are looking for an answer, it will be given to you, perhaps not in the form of a comment, but in something else. The opportunity to save your family from this bastard called "Debt" will show. This catharsis you are experiencing is not without reason. You may or may not deserve it, but it will make you impenetrable and I believe it has opened your eyes to some things. This is the blow you have to go through, which unfortunately you will have to endure alone. Clichés or not, I have witnessed everything written above. My thoughts are with you.

   Well, it's your own fault - you chose one, now you will bear the consequences

   In fact, you need financial and legal advice, as far as I understand. What a businessman you're going to be when you can't even post your story in the right section. You declare bankruptcy of the indebted company and open a new one, if you do not have the right, you open an elderly relative - a pensioner Ltd. with you, because you do not pay insurance to the person. The opening takes place in 2 days, so you will be able to issue invoices from the new company. Baptizing her with a similar name, she explained to the partners that you had changed the legal form for personal reasons. Don't commit to paying debts to the EOOD, because they can't take anything from you anyway. Consult an experienced lawyer and accountant. As for personal history, it doesn't matter much at the moment and will only trick commentators into reassuring you and giving you advice in another direction. Act, don't whine! If you need to take out a quick loan to cover your initial costs for the new company and the closure of the old one. You can fix everything in exactly 1 week, with appropriate professional help. Success!

   Author, calm down! BGN 10,000 is not a pain to die. In your situation, I would use the following move. I would arrange with a friend who has a company for the payments to go through him, and, of course, I cover my share of VAT, taxes and so on. A kind of partner. With the rest, I would start repaying the debt. I don't understand why you don't want to move your business to a new company? You can always declare a new subject of activity, but you can do the same again. And that the NRA will not leave you, that's for sure. But, again, the amount is not such that one can hang oneself. Now, you can take out a loan against the new company to cover the old debts, but personally I do not advise you to do so, because you are entering a vicious circle.

   Consult a lawyer! Judge her!

   You can issue invoices with cash payment, you must have a cash register. If you don't have it, it costs BGN 230. This is done with bank accounts frozen.

   Dude, calm down! Ltd. means "sole proprietorship with LIMITED LIABILITY" - so to speak, you are liable only with your share capital. If the authorized capital of the company is ... (at one time it was BGN 5,000, now I don't know how much it is ... maybe even BGN 500) BGN 1,000, you owe the budget exactly the same amount. If you fail to pay them, they may only have claims against you for company property. It therefore has a difference between a legal entity (company) and an individual (you). See what they wrote to you above - all meaningful and good advice. He, Mr. Trump, has gone bankrupt several times ... owing hundreds of millions. Look at him now - President of the United States! Don't tie yourself to idiots to blame you and unnecessary sense of duty! Companies therefore have authorized capital, pay taxes, licenses, etc. - because it is known that over time some of them go bankrupt and from somewhere these losses must be covered. See if you are a sole proprietor (sole trader) - then you are already liable under the Act with your personal property. But this is not your case ...

   n.7 do not rely only on EOOD, if the debts are to the state for unpaid insurance and VAT and social security, they will sue the owner as a natural person and will take everything they can. It is not so easy to get out of the country. The case for EOOD applies when the debts are to other creditors - suppliers, workers, etc., but not to taxes and insurances. Then I think it is a fraud and criminalized.

   Dude, I inherited debts of BGN 14,000 8 months ago .... I don't know if it calms you down, but .... I'm fine. I borrowed from friends, paid them, even repaid most of my friends' debts. I think that by the end of the year, at most until the beginning of the next one, I will pay for everything I have borrowed. Otherwise, my situation is difficult. I have 2 children from 2 different women, I also pay maintenance for the first child, it is difficult for me, but now I have a stable wife and we are recovering. If you have friends, take the amount from them, pay your debt and then return the money! I think this is the most reasonable. 10,000 is not a small amount, but it is not 50 or 100,000.

   I am the chief accountant and 8 is right. Most people think that being an EOOD and almost unable to accumulate debts with impunity. And that is not true. Under Art. 19 of the TSSPC, a special procedure has been created for imposing personal property liability on the persons managing companies that have obligations to the budget - for taxes and social security contributions. Personal responsibility means that after the entry into force of the audit act, or the court decision confirming the act, the state can initiate enforcement proceedings against you and be satisfied with your personal property - property, cars, cash deposits, labor remuneration and other. That first. Second - it does not happen, as one wrote above, that in a week and hop you close the company and open a new one and you have no debts. Debts (not all) are eliminated only after insolvency proceedings. This is a long and complicated procedure and certainly not done in a week. Separately, after an insolvency procedure, there is a certain period in which the author will not have the right to register a company, but if he finds someone to agree, he can open a company in his name. If some liabilities are to banks, they will also not be dropped for the simple reason that precisely for this reason the banks have mechanisms in advance when granting the loan to have the right to demand personal liability if necessary, for example by promissory note. It is not at all possible to "close" the company and get out of the situation clean. If it was that easy, no one would pay debts, but they would just close their business every month and open a new one. In my opinion, the option is not to "close" the company. but to transfer to a landless and unemployed person. Thus, all responsibility is transferred to him. From there, no matter who judges him, there will be nothing to take from him. There are people who would gladly sign for BGN 200 to "buy" the company. There are even people who mediate in such "deals".

   Consult a lawyer, there may be some way to prove that your ex-wife is involved and you want at least some of her money. In the meantime, take out a loan, pay the debts in the fastest way and start working with clients. If you take out a loan for 10-15 years, you will pay no more than BGN 100 per month. When you deal with this, you file a child custody case. Of course, you will win it, because she abandoned them, and she will be sentenced to pay you at least twice 140 leva, because there are two children. If she does not pay for at least two months, you can file a lawsuit. She will be fined, next time there will be a fine and probation, then, if she continues not to pay - parole and then imprisonment. And the money will be transferred to you by the municipality. I guess she won't go to jail, so she'll pay. With half of the maintenance you will cover the loan installment, and with the other half you will help your household. Good luck and get out now.

   Dear people, thank you from the bottom of my heart for your advice and support! I have already booked an appointment with a lawyer who specializes in cases similar to mine, and tomorrow, I hope, I will have more clarity about my future actions. I will write here so that I can be as helpful as possible with my patillas and other people's experiences.

   11, there is hardly a way, because he has explicitly authorized it. And even if there are, cases will drag on for years. No client will wait 5 years for his cases to pass in order to be issued an invoice. Nor will the state wait for him. Either the company should be sold to a bum and start anew with a new company, or it should take out a loan and repay its debts as long as the business starts, and then slowly repay the loan. However, BGN 10,000 is not a cosmic sum.

   Boy upside down! There is no way out only from the coffin. And you have children! Abstain from the wooden philosophers who hurried to spit on you because of your wife. The truth is that no one is insured against mistakes. I'm not very aware, but let the competent ones here say - if you register as a freelancer, won't it be the easiest? Because as far as I understand you will work alone, why is this EOOD? In the liberal professions, accounting is simplified and costs are lower.

   №10 gave you the best advice. You have to kiss his hand. Don't waste time and act!

   Up to 8 Let's face it - you have to have a man to give him some money. What are we doing, come on ... Here we are our people.

   Talk to the NRA to reschedule your debt. There is such a procedure.

   Register the same company on a brazier and continue in the same way and then look for the next one and if you are very conscientious clear your debts.

   You cannot sell your company, after many such schemes, a company can only be sold after all debts to the state have been paid. Again, there were some tricks by selling shares by partners, but in the case of EOOD it is not applicable. It is best to find a way to pay your debts, until then you can issue invoices with cash payment and receipt. This amount of payment is allowed for amounts up to BGN 10,000.