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Appointment venue

Wrong. There are a number of common scenarios where a director's personal assets may be at risk if a company falls into some sort of formal insolvency procedure. The most common ones are continuing to draw dividends from a company long after its profit reserves are exhausted, or trading on for too long after it's clear that the company has no reasonable prospect of recovery. The most important word in the above paragraph is "may". This is a complex situation and you therefore must speak

Informal or other insolvency solutions

Bankruptcy or Individual Voluntary Arrangements are not the only way forward for personal financial crises.

Much will depend on an individual’s circumstances – and in many cases the circumstances of their partner, whether that be a business partner or a life partner.

There are many different options that we can suggest to you.  The best thing to do would be to call us and see what we can do to help.

To find out more about how we can help please call either Carol, Jackie or Jeanette on 01768 864466.