
My business looks as if it’s heading towards insolvency – can I take money or assets out of it before it becomes insolvent?
As the director of a company which may be close to being or actually is insolvent, you must be mindful of your

Can I start insolvency proceedings myself?
With the exception of compulsory liquidation and administration via the company’s secured lender, it is you as director who can initiate insolvency

What are the options for an insolvent company?
Directors should seek advice from professionals such as ourselves as soon as they become concerned about the solvency of the business. It

How likely are my creditors to accept some form of voluntary arrangement?
If your limited company is insolvent, it can use a Company Voluntary Arrangement (CVA) to pay creditors over a fixed period. If

Are big companies immune to insolvency?
[vc_row][vc_column][vc_column_text] We sometimes think of insolvency as something that happens only to small businesses, when they’ve been struggling to build up their