Even the best-run business can face unexpected challenges and solvency issues. It's important you recognise the signs and understand your duties as a director.
The Insolvency Service understands the reasons a company can become insolvent. This guide discusses the tell-tale signs of insolvency, and how managing an insolvent company incorrectly can lead to personal liability, being disqualified as a director, or both.
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This publication provides general information only. Every effort has been made to ensure that the information is accurate, but it is not a full and authoritative statement of the law and you should not rely on it as such. The Insolvency Service cannot accept any responsibility for any errors or omissions as a result of negligence or otherwise.
