Posts Tagged ‘corporate insolvency’
Do you recognise the signs of Corporate Insolvency?
Running your own business is both stressful and time-consuming and as a CEO or director, it is fairly easy to get caught up in the day to day tasks and not realise the fact that your company is hurtling towards the disaster that is corporate insolvency. Corporate insolvency is when your businesses financial circumstances mean…
Read MoreWhat is a Zombie Company?
A zombie company is simply a company that is neither dead or alive. In other words, it is so overwhelmed by debt that any cash generated is being used to pay off the interest on the debt owed to creditors. In many cases the debt is not being reduced. With this, the majority of ‘Zombie’…
Read MoreCompany Insolvency – Can I be pursued for the debts of my Business?
A simple answer for this is yes if you have signed a personal guarantee on any loans for a limited company, then yes, the very nature of a personal guarantee is that the signator is personally liable for the debts if the company cannot commit to them any longer. It is standard practice that a…
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