Insolvency education for directors is a difficult subject matter to raise with anyone. I came across a recent article that talked about Vince Cable wanting to tighten up on ‘dodgy’ director practices. The call for the practices of these directors…
Business Planning is critical to any company’s future. Company rescue of an insolvent business can be very tricky as you are juggling so many dynamic challenges in a highly charged and very often emotional environment. One of the very few good…
Let’s all make a belated New Year’s resolution to check everything in detail before signing company documents. The number of directors that I have spoken to regarding personal guarantees has rocketed for some reason. Some had decided to take a…
I was discussing the pitfalls of insolvency with an accountant and his client when addressing the client’s business debt problem recently. The chap’s limited company was in great difficulty and had traded for quite some time. He was in his mid-fifties and…
Directors disputes with creditors are common place and some may be contrived but most are legitimate. At least that’s what Vince is hoping to achieve along with countering terrorism and money laundering which are far more serious issues it is…
Creditor communications are essential. When your company has become insolvent you should look to inform the creditors as soon as possible about the situation, but how do you go about doing this?It’s only natural that you would be concerned about…
