Insolvency can happen for any number of reasons and can happen to any business too. Business insolvency can happen due to problems paying off debts as and when they fall due. Or it could be that your balance sheet is insolvent. Your liabilities exceed your assets. Whatever your situation, it doesn’t mean it is the end of the road.
Mills Donkin Solicitors will help you think about the best action to take. We make sure you know what your legal duties are when insolvency occurs. Once we understand what it is you are trying to achieve, we work with you to achieve that goal. In simple terms, we explain your options and look at ways to rescue the company or, at the very least, its business.
If insolvency is a risk for your business, please call one of our legal experts today on 0191 416 2182. The sooner we work with you, the quicker you can think about the future.