Insolvent Trading

By law, a director must not allow their company to incur debts it is unable to pay.

Trading whilst insolvent is illegal, and you may become personally liable

If you allow new debt to be incurred knowing the company cannot meet that debt, you can become personally liable – leading to a loss of personal assets and even personal bankruptcy.

If your business has incurred a debt you’re unable to pay, the pressure and stress can be immense.

What are the implications for your company and your personal assets, and where do you find the advice needed to resolve the crisis? The Insolvency Experts can help, offering years of experience and an in-depth understanding of this complex matter.

Find the answers you need from the Insolvency Experts. Call us anytime free