Insolvency

When a company faces financial stress, directors must understand their legal duties and the steps they can take to reduce risk. We explain the key issues, including how to recognise when a company may be insolvent, the dangers of insolvent trading, and the duty to act in the best interests of creditors.

We also look at the potential for personal liability and the precautions directors can take to protect themselves. If you want a clear overview of the measures and legal tools available under UK law, then we set out everything you need to know.