Are Directors Liable For The Debts Of The Business?
The quick answer There are three answers to the question of whether directors are liable for the debts of the business: Limited companies have directors and they are not normally liable for the company debts unless they have specifically guaranteed them, for example, a bank may have asked for a personal guarantee. Partnerships have partners. […]
Approaching Company Insolvency – Ways to Recover and Rebuild
The quick answer There are two answers to approaching insolvency, recovering and rebuilding and it depends on whether you are a company owner or an individual. With an individual it affects your credit rating for a long time but with a company you an just set up a new one with a clean credit rating. […]
Advice For Accountants – How We Can Help
The quick answer We can come up with a range of choices for your client based on trying to restructure and keep their business going or helping with an orderly wind down. We know they will face lots of difficult issues that they have never had to deal with before. In more detail At worst, […]
Insolvency
Insolvency comes in many forms including: Liquidation, Administration, Bankruptcy and Voluntary Arrangements. This section covers a range of questions.
