Is My Company
Insolvent?
Directors often ask about "Insolvent Trading" or "Trading While Insolvent" provisions. The simple explanation is that if a company is insolvent and the directors continue to incur new liabilities, then the directors can be personally liable for the new debts.
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Jenny, Director of a Fashion Retailer
"…after I gave Dissolve the go-ahead I received the No Asset Liquidation Package within two hours and I had the company in liquidation the next morning."...
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