My business looks as if it’s heading towards insolvency – can I take money or assets out of it before it becomes insolvent?
Frequently Asked Questions
As the director of a company which may be close to being or actually is insolvent, you must be mindful of your duties and careful as to the actions you take, as some can have negative consequences, for example:
transferring/selling assets at undervalue paying certain creditors ahead of others taking dividends Incurring credit
Should you have any reason to believe that your transactions may be scrutinised, it is best to speak with professionals such as ourselves at the earliest possible point to enable us to provide the appropriate advice.
Accreditations
Our Costs
At the Insolvency Experts we think that our service offers excellent value for money. Depending on your circumstances, our services can even end up being effectively free of charge.
