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Guide

Directors’ concerns: Facing insolvency and wrongful trading

minute read
9 February 2023

Guide

Guide

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During the lifetime of a company some of the most difficult problems that a director faces are encountered if the company is in financial difficulty: not yet unable to pay its bills but with a possibility that it may end up in that position. At that stage the decisions made by a director may affect not only the survival and future of the company but also the director’s own position. In this guide we explain how directors may protect themselves if a company is approaching insolvency.

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