Corporate insolvency: your options and your exposure

Corporate insolvency: your options and your exposure We tell you whether the company is insolvent, what that means for you personally, and which options are still open. Your company is a separate legal person right up until the point it cannot pay its debts. After that, the decisions you make as a director start attaching […]

What is a director’s role in a members’ voluntary liquidation?

If you are a director and member of a company and ready to shut down your solvent business through a members’ voluntary liquidation, you may be wondering how the process looks. In particular, you may be wondering what your role will be as the liquidation progresses.

Read more below to see how you may stay involved with the company throughout the liquidation process and how your role might change if you opt out.

Overhaul of small business insolvency – what does it mean for you?

Frydenberg’s announcement may help your small business restructure its debt obligations to trade out of the COVID recession.

Are you going to be personally responsible for your company’s debts?

The personal consequences of insolvency for directors continue to deepen. Set out in this article are some indicators of when you should be taking advice on your potential exposures.

Just how suitable are off-the-shelf legal documents?

Most “standard” legal documents will not achieve their intended outcome. Why?