A Brief Guide to Insolvency

A business is insolvent when it has more liabilities than assets (the balance sheet test) or cannot pay its debts when they fall due (the cash flow test). Once insolvent the director’s duty changes from acting in the company’s shareholders’ interests to acting in creditors’ interests. Various legal restrictions and potential recovery actions can apply […]

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Directors Guide

Our easy-to-read guide is designed to help directors whose company is in financial distress. It will assist directors to navigate around insolvency issues and avoid potential pitfalls, split over ten sections this guide walks you through the matters in a logical order you are likely to need to consider including: Early warning signs of trouble

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