I am in a pickle. I am unwell and a co-director of a small company. The company has hit hard times and has become unable to repay the other director's loan, in fact it has been increasing in the past few months . He has become adamant that I match his investment if I continue to draw a continuous income out of the company. At present he is being amicable but friends of mine have suggested he could foreclose on the company in order to obtain my shares.
Can anyone please make suggestions to what I should do or what he can do to effectively push me out of the company?