Discover how insolvency affects you and what steps to reduce personal liability Overview If you are a company director with a director’s loan account (DLA), it is important to understand how insolvency affects your personal position. When a company enters financial difficulty, the way your loan account has been managed can significantly increase or reduce…
Spotting financial distress early can be the difference between stabilising a business and watching problems escalate. Directors have legal duties to act in the best interests of creditors once insolvency becomes a real risk, which means early action is essential. This guide explains the key early warning signs of insolvency and the practical steps directors…
Federal Court rules liquidation no barrier to ASIC’s pursuit of MWL Australasian Lawyer Read the original article here
Auckland grocer tries to serve bankruptcy notice on Smiths City owner The Press Read the original article here
First report into liquidation of Timaru-based South Island engineering workshop released The Press Read the original article here
British courier firm collapses into liquidation leaving parcels undelivered The Sun Read the original article here
Oenofuture Limited– winding up order made GOV.UK Read the original article here
Artechno Growsystems was declared bankrupt on Tuesday last week. The week before, the company filed for suspension of payments. At the time, a statement expressed the hope of securing the company’s future by raising new financing. “We are convinced that Artechno has…