Make the Right Decisions When Financial Hardship Rears Its Head

Summary

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WHEN a company is beset by serious financial difficulties, it is essential directors understand fully their responsibilities to both the business and the creditors, according to Bridge McFarland Solicitors.

Bridge McFarland consultant solicitor and insolvency specialist Stephen Ede says obtaining professional and legal advice as early as possible is vital because it can protect the director from personal disqualification and, in some cases, ensure a company is not unnecessarily liquidated.

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Make the Right Decisions When Financial Hardship Rears Its Head

He said: "It is unfortunately common practice for some insolvency practitioners to buy records of Coun...

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