If a Limited Company is insolvent and you do not cease trading, you may be accused of Wrongful trading. A company can be deemed 'insolvent' if it can't pay its debts as they become due or, its liabilities are greater than its assets. A Court may make a Director of a company that has gone [...]
Yes. If we are instructed early enough, we are usually very successful in stopping bailiffs from removing assets. We have written a useful guide to the powers of bailiffs on this website; please visit our Help Guide section. Whilst the Help Guide is very useful, it is no substitute for specific personal advice. Please call [...]
No. In fact, most of the people that call us for advice do not need a formal insolvency procedure. Before recommending any specific debt solution, we will help you consider all the options available to you. This will include providing you with self-help guidance and advice on informal debt solutions. As you would expect, in [...]