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Update 31 March 2020 – Wrongful Trading, Winding Up Petitions and Moratoria

by Paul Brindley | Mar 31, 2020 | Advice to Directors, Coronavirus, CVLs, Upsettable Transactions

We are in very difficult times, where I suspect many companies are insolvent on a cash flow basis, unable to pay their suppliers on time. Although the government are intending to bring in a law to relax the rules over wrongful trading, the detail hasn’t been seen so...

Guidance to Directors of Insolvent and Near Insolvent Companies

by Paul Brindley | Aug 23, 2019 | Administration, Advice to Directors, CVLs, Ethics & Regulation, Upsettable Transactions

Directors often come to me troubled, worried about their position as a director of a company that’s at risk of failing, perturbed by all the scare stories about personal liability and other penalties, their minds racing.  Yet it’s not a crime to be involved with a...

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