What we are often asked...

 

...  by directors of limited companies which are insolvent

 
  • We can’t pay our bills but I am sure if we keep going things will turn around. Is that okay? 
  • As a director of an insolvent company, am I at risk in any way?
  • How does a limited company go "bust" and how long does it take?
  • I am a director of a company and have guaranteed the bank overdraft which is therefore secured on our house. We have some assets we can sell to pay the bank off before we go into liquidation. Is there any problem with that?
  • What is wrongful trading?
  • We have quite a good business which could continue to trade profitably but we have huge accumulated debts which we are never going to be able to pay off. Is there a way out?
  • Exactly what can be achieved by administration which we hear so much of today?
  • I have heard of something called a pre-pack? Could this help me to rescue my business?
  • What is a directors disqualification order?
  • When does an insolvency practitioner have to do a directors disqualification report?

If you are a director of a limited company which is insolvent you should take advice now.

 

Why no answers here?

Everyone's circumstances can be different. There are always grey areas. That is why we run a low cost Telephone Advice Line service. Call us now.


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