What Is Wrongful Trading? Wrongful trading is a civil offence outlined in the Insolvency Act 1986. According to Section 214, wrongful trading is when a company director: Allows the business to continue to trade when they knew - or ought to

What Is Misfeasance? A civil offence outlined in the Companies Act 2006, misfeasance occurs when somebody abuses a position of responsibility. As a director of an insolvent company, this applies when you breach your fiduciary duty of care towards your

How to Liquidate a Company with No Money If you’re the director of a company with no money, it’s vital that you start to think about liquidation. This can be a daunting prospect - especially if you don’t have many

Debt and Mental Health: Helpful Advice and Support Financial problems are something nobody wants to face. When things do go wrong it can have a huge impact on every aspect of our lives. In this post, we'll be looking at

Director Redundancy Pay Claims Under More Scrutiny Often when we're referred to a company for insolvency advice, part of the discussion is director redundancy pay. When a company is unable to pay wages, holiday pay, notice pay, or redundancy pay to