If My Business Is In Liquidation, Can Suppliers Hold The Company Director Liable For Personal Guarantees For Debt?

Business debt can have a profound impact on all parties connected to the company. If a limited company enters liquidation, personal guarantees come into play and company directors can be pursued for money due to creditors. Sold traders facing insolvency may become personally responsible for any money owed. If the director has signed a personal … Read more

The Business Debt Consolidation Process

Owning or directing a business is a huge responsibility because you are ultimately responsible for the success or failure of the venture. More people are choosing to become entrepreneurs, taking control of their career in an entirely different way. When the business is doing well, ownership can be very exciting. When things are not going … Read more