by Paul Brindley | Mar 12, 2023 | Advice to Directors, Director Disqualification, Upsettable Transactions
As an insolvency practitioner, I understand that director payments from a company are an important issue because of the duties owed by directors to shareholders and creditors. In this article, I will provide you with an overview of director payments and what you need...
by Paul Brindley | Jan 21, 2023 | Administration, Advice to Directors, CVLs, Director Disqualification, Upsettable Transactions
Balance sheet insolvency occurs when a company’s liabilities exceed its assets. In this situation, the company may be unable to continue trading and may need to enter into a formal insolvency process, such as administration or liquidation. One of the key...
by Paul Brindley | Jan 20, 2023 | Advice to Directors, Director Disqualification, Upsettable Transactions
The top 5 takeaways from the Sequana case are: Directors have a duty to protect the interests of creditors when a company is facing financial difficulties or is insolvent. Directors must act with care and diligence in managing the company’s financial affairs and...
by Paul Brindley | Oct 17, 2021 | Advice to Directors, Alternatives to formal insolvency, CVLs, Director Disqualification, Upsettable Transactions
If your current business is struggling financially or contemplating liquidating and you have been involved in other companies that have failed in recent years owing HMRC money, there are some new developments that you simply must be aware of as they could impact...
by Paul Brindley | May 13, 2021 | Advice to Directors, Alternatives to formal insolvency, CVLs, Upsettable Transactions
You may have heard in the press about the Bill passing through parliament to hold directors of dissolved companies to account – There’s been quite a bit of scaremongering about it. So let’s put the record straight… The Bill is...
