If you have incurred several credit card debts and have personal guarantees which you are […]
FAQs
What are the options for an insolvent company?
If the business has no chance of surviving, it is important to obtain advice from […]
Who can start insolvency proceedings?
Any creditor or group of creditors owed more than £750 by your company can ask […]
What is a ‘preference’?
A preference is anything which puts one of the insolvent company’s creditors (or someone who […]
Can I take money or assets out of my business before it becomes insolvent?
Actions such as taking money out of the business, or transferring assets at less than […]
How can I pay for help when I am already in financial trouble?
Paying your professional advisors will not usually constitute a preference (see 7) provided the payments […]
