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Risks of Insolvent Company
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What are the risks to directors when your business is insolvent? There are three areas that you need to be aware of if your limited company is insolvent. The first one is, if you're still trading and you're making the situation worse for your creditors, we recommend that you speak to us as soon as possible for some help and advice.
Secondly, you must be careful when you pay off your creditors. You need to avoid being compromised by preference payments. And thirdly, you must be careful that if you are selling assets to get the best price for company assets.
So if you're worried about the trading position of your company and concerned about trading while insolvent, please call me or the Real Business Rescue team on the free phone number, or simply click the link below.
Real Business Rescue are here to help
Still unsure whether liquidation is right for your company? Don't worry, the experts at Real Business Rescue are here to help. Our licensed insolvency practitioners will take the time to understand the problems your company is facing before recommending the best course of action going forward based on your own unique circumstances.
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