Navigating the world of insolvency
Whether you’re a business in distress or being forced into liquidation, a company director personally on the hook for unpaid debt or a creditor joining the queue with an unpaid invoice, insolvency can mean doom and gloom all round. What’s more, dragging your heels on taking action can make the future look even more dismal. Swift action when you get so much as a sniff of insolvent trading can flip the situation on its head and result in business turnaround, mitigating personal liability risks for company directors and paid debts for creditors. So what’s the best advice in the face of insolvency? Speak to a lawyer.