If it looks like your business
could be approaching insolvency then there are certain duties and responsibilities
placed on you as a director. Failure to
meet these could result in a Disqualification order under the Company Directors
Disqualification Act 1986 being issued against you.
Disqualification orders, which prevent individuals acting as directors or business managers for up to 15 years are on the rise. This can turn the insolvent company landscape into a complete minefield for you. Without clear and accurate direction you could become disqualified and personally liable for the company’s debts.
With the added pressure of creditors demanding payment this can be an extremely challenging time. McTear Williams & Wood is able to provide you with advice and guidance to minimise the risk that you might be disqualified from acting as a director of a company in the future.
If you are concerned it is vital you act now and work with an insolvency practitioner who understands how to navigate numerous pitfalls. By contacting McTear Williams & Wood you can safeguard yourself from being deemed as unfit to act as a director. Contact us now on 0800 331 7417