If your business cannot pay its debts, it is important to seek advice as early as possible.

Do not ignore the problem or continue as normal without understanding your duties and risks. Directors may need to consider their responsibilities to creditors, whether the business can continue trading, and whether personal liability or director disqualification issues could arise.

Early advice can help you understand whether the business may be rescued, restructured or placed into a formal insolvency process. It can also help you deal with creditor pressure, HMRC debt, supplier claims, unpaid rent, employee issues and cash flow concerns.

Havard Law Solicitors can review the position and explain the options in clear, practical terms.