I'm a director of a one-person ltd company with a small turnover, and I've recently been issued with a personal (non-business related) claim for possession of a building I privately rent. I'm planning on defending the claim in court, but there is at least a possibility of being landed with a claim for damages that I've been told could reach "several tens of thousands of pounds". Taking that as a potential scenario, are the assets in my ltd company protected from such a claim, or will the company be seen as something that I may be required to liquidate in order to pay such costs?
Also, would this ltd company be seen as an asset that I would need to declare with respect to my eligibility for legal aid?
Also, would this ltd company be seen as an asset that I would need to declare with respect to my eligibility for legal aid?
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