What Directors Should Consider When a Company Faces Insolvency
An overview of why independent advice matters when a company is in difficulty.
Averden Advisory · Editorial perspective
When a company is insolvent or approaching insolvency, directors' duties may change, with greater focus on the interests of creditors.
Directors should keep accurate records, avoid actions that could worsen the position of creditors and obtain independent advice from a licensed insolvency practitioner or solicitor promptly.
This article is general information only and is not legal advice.
This article is general information and is not legal, financial or insolvency advice. Please seek advice on your specific circumstances.
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