An overdrawn director’s loan account can create personal liability during liquidation. This guide explains how it’s treated, tax implications under section 455, set-off options, and steps to minimise risk before a CVL.

A Manchester company has been shut down for acting as a front for unlicensed insolvency work, underscoring the need for businesses to use licensed professionals like Parker Walsh’s Molly Monks.

Information Parker Walsh needs for a Members’ Voluntary Liquidation: director and shareholder details, bank accounts, directors’ loans, HMRC references, and remaining assets, enabling an efficient, compliant MVL via a questionnaire.

Early warning signs of financial distress require swift action. Parker Walsh offers expert, affordable insolvency advice, free initial consultations, and tailored strategies to help stabilise or close struggling businesses responsibly.

Feeling overwhelmed as a company director? You're not alone. Our latest article shares real stories of directors who found support, solutions, and peace of mind.

Explaining the benefits of a CVA and how it can allow a business to restructure its debts.

Addressing the emotional toll of financial distress and how directors can seek support.

Insolvency doesn’t mean failure - it’s about understanding your options and taking the first step toward a more sustainable future.