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Guides

Grouped by situation. Each one says what happens, in what order, and what to do this week.

My directors' loan account is overdrawn

Why it matters more than you think, and what a liquidator will do about it.

I need to close a company that cannot pay its debts

Creditors' voluntary liquidation, what it costs, and how long it takes.

I'm not sure whether the company is insolvent

The two tests, and the duties that switch on the moment you know.

I've received a winding-up petition

You have about seven working days. Here is how to use them.

We can't repay the Bounce Back Loan

Whether you are personally liable, and what the bank can actually do.

A personal guarantee is being called in

How enforcement works and where there is room to negotiate.

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