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.