my next door neighbour has just gone bust as a Ltd company.
  He does not want to liquidate in order to honour his debts. 
 the landlord,however, has just told him that as he signed a contract 'mr x trading as x ltd' he can hold him personally liable. 
 Any help would be appreciated, we are trading fine as a company but we have signed the same agreement so it would be interesting to know (just in case)
