Businesses across the board are experiencing a number of operational and financial challenges that are creating considerable pressure for directors and management teams.
While many directors will see this as a time to weather the storm and protect their business and its shareholders, they must also be aware of their legal duties in case of insolvency. The moment a company is deemed to be insolvent, the director/s are under a legal duty to protect the business’s creditors and achieve the best return for them in case of the business’s failure.
In this downloadable guide, insolvency specialist, George Dale, outlines the legal requirements and the best course of action for directors to take.
How we can help
We have extensive experience assisting business owners and directors, and we will always work with you to find the best solution for you and your business.
One of our Partners would be more than happy to have a non-obligatory confidential chat with you. We can be contacted at rescue@opusllp.com or call us on 0203 995 6380 and we will arrange for a call with one of our Partners.
Or if you would like to talk to the author of this article, please contact;
George Dale
Partner
O: (+44) (0) 131 322 8417
M: (+44) (0) 7454 155776