Director’s Duties & Insolvent Trading

What are my options if my company is insolvent?

If you have established that your company is insolvent, you should take immediate steps to ensure that it does not continue to trade whilst it is insolvent. Allowing a company to trade whilst it is insolvent can have serious consequences for a director.

Your options may include to:

– Close the business by initiating a company liquidation
– Keep trading by entering into a Voluntary Administration and restructuring to become profitable.

So if your company is insolvent, or likely to become insolvent, give the insolvency specialists at ISA a call today and we will happily provide a no-obligation quote.Contact 1800 003 883.

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