When companies are struggling to pay their debts and cashflow is tight, they often have a range of concerns and questions. I have helped hundreds of directors; these are the most common questions I get asked.

If you can't afford an insolvency practitioner, try voluntary strike-off, negotiating with creditors, or debt charities. However, an Insolvency Practitioner is ultimately valuable.

When a company is liquidated, directors' loans are scrutinised, and their treatment depends on whether the director owes money to the company or vice versa. Directors should manage these loans carefully to mitigate financial risks.

To support directors during this challenging time, I ensure they have my direct contact details. I understand that questions and concerns can emerge outside regular working hours.

In this article, we will delve into the different scenarios that may lead to the closure of a limited company and examine the implications on directors, focusing on personal liability and director's loans.

Is it possible to liquidate a limited company and open a new one? Yes, it is, but it's essential to consider legal, financial, and practical implications.

Terms like "liquidation" and "bankruptcy" often find themselves intertwined, and they can sometimes be used interchangeably and lead to confusion. However, it's crucial to recognise that these are two different insolvency procedures for two separate legal entities with unique implications. In this article, we will delve into the differences between liquidation and bankruptcy.

Financial stability and a good credit rating are essential for individuals and businesses alike. When facing financial difficulties, the decision to opt for liquidation, a process that involves winding down a company and settling its outstanding debts, can have far-reaching consequences, including the potential impact on one's credit rating. In this article, we will explore how liquidation can affect your credit rating.