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Directors protection during Compulsory Liquidation

Once a company has been liquidated either through a Creditors Voluntary Liquidation or winding up, the liquidator will produce a report on the conduct of all of the directors in the period running up to when the business stopped trading. If the liquidator believes that the directors did not act properly during this period, then they can accuse the directors of wrongful trading. If this accusation is upheld, the directors in question can be made personally liable for the company’s debts. They may also be banned from being a director. How do you minimise this risk?

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Business Refinancing – Raising Money in the Credit Crunch

The credit crunch throughout 2008 and 2009 has put severe restrictions on the amount of money banks are willing to lend to their business clients. This situation is having large implications for business development in the UK. However, there are some perhaps less well known avenues for raising business finance which company directors and business owners should be aware about.

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If I go bankrupt can I continue to run my business?

What is the effect of Bankruptcy for Directors, Sole Traders and Employees. What other options are also available if bankruptcy would be detrimental to your business.

For senior business managers or owners, Bankruptcy is not an option if you want to continue managing your business.

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