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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

Our Charges

Creditors’ Guides

The Creditors’ Guides below provide information relating to Insolvency Practitioners’ fees for different types of insolvency appointment. You will also find more information about Dodd Rescue’s charges in the ‘Charge out rates and disbursements policy’ link.

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Version 4 – Issued April 2017 – Updated for The Insolvency (England & Wales) Rules 2016

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A Creditors’ Guide to Liquidators’ Fees (Post 1 October 2015)

A Creditors’ Guide to Liquidators’ Fees (Pre 6 April 2010)

A Creditors’ Guide to Liquidators’ Fees (Post 6 April 2010)

A Members’ Guide to Liquidators’ Fees (Post 6 April 2010) (Updated December 2015)

A Creditors’ Guide to Liquidators’ Fees – SCOTLAND (Post 6 April 2010)

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A Creditors’ Guide to Fees charged by Trustees in Bankruptcy (Post 1 October 2015)

A Creditors’ Guide to Fees charged by Trustees in Bankruptcy (Pre 6 April 2010)

A Creditors’ Guide to Fees charged by Trustees in Bankruptcy (Post 6 April 2010)

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A Creditors’ Guide to Supervisors’ Fees (Individual and Company Voluntary Arrangement) (Pre 6 April 2010)

A Creditors’ Guide to Supervisors’ Fees (Individual and Company Voluntary Arrangement) (Post 6 April 2010)

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A Creditors’ Guide to Administrators’ Fees (Post 1 October 2015)

A Creditors’ Guide to Administrators’ Fees (Post 6 April 2010)

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Statement of Insolvency Practice 9 (December 2015)

Statement of Insolvency Practice 9 (Scotland)

Statement of Insolvency Practice 9 (November 2011)

Statement of Insolvency Practice 9 (April 2010)

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Charge Out Rates & Disbursements Policy

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Miscellaneous SIP’s

SIP 2Practical Guidance Note – Scotland

SIP 15 Reporting And Providing Information On Their Functions To Committees (And Commissioners In Sequestrations) In Formal Insolvencies – Scotland

A Guide for Creditors – Liquidation/Creditors’ Committees and Commissioners