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Insolvency: When is it time to accept the inevitable?

Even when it is obvious that a company is in financial difficulty, it can be difficult to advise the directors. Most of the time, they will believe they can trade through the difficulties, perhaps with a little forbearance on the part of their creditors, or a new line of credit or two. But when is enough enough? And what happens if they make the wrong call?

In Accountancy Age, Nat Young highlights some of the risks of trading when in financial difficulty and common pitfalls Directors take.

Click here to read the full article on Accountancy Age.

CONTACT NAT

If you would like more information or advice relating to this article or a Commercial Litigation & Dispute Resolution law matter, please do not hesitate to contact Nat Young on 01727 798034.

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Every care is taken in the preparation of our articles. However, no responsibility can be accepted to any person who acts on the basis of information contained in them alone. You are recommended to obtain specific advice in respect of individual cases.