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Directorship Debt Advice

Directors' Responsibilities

As a director, the law says that it is your responsibility to you to keep control of the company and to seek professional advice if necessary. If your company continues trading after there is no longer any reasonable prospect of avoiding insolvency, you could be personally liable for the debts of your limited company.

You must never ignore the problems and hope they go away, if you are in doubt speak to an expert.

As a director you are obliged to act decisively and appropriately should the company experience financial difficulties.

At Bankruptcy options we specialise in helping you recognise the signs of crisis that may affect your company or that of a client or supplier. Our highly qualified professionals are able to give impartial advice to allow you to make the correct decisions.

By seeking advice early, you can ensure that your actions are justified and your company has the best chance of surviving.

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