Is a director personally liable for company debts?
Running a business, whether large, small or a family business isn’t easy. You’re constantly balancing cash flow, staff, suppliers, and pressure from creditors coinciding with the eternal goal to grow. Sometimes due to extenuating circumstances; whether that be market down swings, international relations or family dysfunction, the company begins to face financial pressures. At that point, the question begins to form, […]
In financial distress? What business owners need to know about Small Business Restructuring
When you’re facing mounting debts, overdue tax, or pressure from creditors, it’s easy to feel like the walls are closing in. For many small business owners, the fear of losing everything—your business, your reputation, your ability to keep trading—is paralysing.
However, you may have more options than you realise.
What is a statutory demand and when would I use one?
You have always operated your business honestly and diligently, which includes paying each of your debts within their terms. Unfortunately, not everyone in business plays by the same rules….you have a problem debtor and cannot work out what to do.
Just how suitable are off-the-shelf legal documents?
Most “standard” legal documents will not achieve their intended outcome. Why?