Company insolvency occurs when an entity is unable to meet its financial obligations as they fall due.
It is essential that a company seeks professional advice at the earliest possible point, preferably before it is deemed to be insolvent. If a company continues to trade while insolvent it will increase the creditor’s exposure. The effect can be devastating on those creditors. If the directors continue to trade while insolvent they run the risk of exposing themselves personally to liability.
Blacklock Rose Limited is happy to provide a free consultation to discuss your situation. We will give pragmatic advice on the best way forward for you and your business.Contact Us →