Corporate rescue
. Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. Deciding whether to cease trading can be a huge problem. The director of a company which is facing financial difficulty should ensure that there is a reasonable prospect that the company will not be insolvent before being party to any decision to trade on. Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. Running a company today can be volatile and it is likely that a number of companies will run into financial difficulty. Directors must make an early decision on whethert the business is insolvent. Deciding whether to cease trading can be a huge problem. Failure to do so may result in the directors having to contribute personally to the company's losses and be heavily investigated by the Department of Industry (DTI). Deciding whether to cease trading can be a huge problem. Failure to do so may result in the directors having to contribute personally to the company's losses and be heavily investigated by the Department of Industry (DTI). Failure to do so may result in the directors having to contribute personally to the company's losses and be heavily investigated by the Department of Industry (DTI). Deciding whether to cease trading can be a huge problem. Running a company today can be volatile and it is likely that a number of companies will run into financial difficulty. Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. Failure to do so may result in the directors having to contribute personally to the company's losses and be heavily investigated by the Department of Industry (DTI). Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. Deciding whether to cease trading can be a huge problem. Failure to do so may result in the directors having to contribute personally to the company's losses and be heavily investigated by the Department of Industry (DTI). Deciding whether to cease trading can be a huge problem. Running a company today can be volatile and it is likely that a number of companies will run into financial difficulty. The director of a company which is facing financial difficulty should ensure that there is a reasonable prospect that the company will not be insolvent before being party to any decision to trade on. Running a company today can be volatile and it is likely that a number of companies will run into financial difficulty. Directors must make an early decision on whethert the business is insolvent. If the director knew or should have known that the company could not avoid becoming insolvent but still continues to trade then he or she must cease to trade immediately and take steps towards liquidating the company. Deciding whether to cease trading can be a huge problem. Running a company today can be volatile and it is likely that a number of companies will run into financial difficulty. Deciding whether to cease trading can.
Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. Deciding whether to cease trading can be a.
