How to get the Government to repay a directors loan account in liquidation
Ok, it doesn’t apply to all director's overdrawn loan accounts but here is a little case study, to show how to get the Government to repay a directors loan account…
Is my company insolvent?
Knowing when your company is insolvent is important for several reasons. The most important reason is that it changes your duties as directors to act in the interest of creditors…
Does the proposed suspension of wrongful trading mean directors should continue to trade?
What is wrongful trading? The offence of wrongful trading is set out in the Insolvency Act 1986 Section 214. That section applies to a director if the company ultimately ends…