Why Appoint a Liquidator?
July 25, 2022
30 Second Insolvency Test:
Is the company delaying payments to either the Inland Revenue Department or other creditors?Are the company assets worth less than all of its debts?Have any creditors threatened legal action against the company?
If you have answered “yes” ...
A DIRECTORS’ DUTY TO CREDITORS WHEN INSOLVENCY IS ANTICIPATED
August 16, 2018
A curious thing happens when a director believes their company is about to be insolvent.
Whereas the legal obligation of the director up to this point has been to promote the best interests of the company, (Companies Act 1993 Section 131) a director’s priority m...
PAYE Debt is the worst
August 15, 2016
If you have clients' whose Companies are struggling and have been for some time, it's best to stop the bleeding. If the Company has lost too much money, it may be dead anyway.
If a Company continues to trade whilst insolvent the Directors are in breach of the Companies Ac...
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