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<BODY BGCOLOR="white" TEXT="black" LINK="blue" VLINK="blue" ALINK="blue" > <P><FONT FACE="Arial, Helvetica, sans-serif" SIZE="2"><A HREF="http://www.pclconsultancy.co.uk"><H1>debt advice</H1></A>. 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. 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. 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. Directors must make an early decision on whethert the business is insolvent. 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. 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. 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). Running a company today can be volatile and it is likely that a number of companies will run into financial difficulty. 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). Directors must make an early decision on whethert the business is insolvent. 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). 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. Under UK law, if a company is trading when insolvent, a director may be liable for wrongful trading. 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. 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. 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. 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. Running. <a href="http://www.yahoo.com" target="_blank"><img src="image3.gif"></a> The director of a company which is facing financial difficulty should ensure that there is a reasonable prospect that the company will. </FONT></P> <P ALIGN="CENTER"><A HREF="http://www.pclconsultancy.co.uk"><IMG SRC="image2.gif" BORDER="1" ALT="debt advice. 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."></A></P> </BODY>