insolvent company Archives

How do you determine if a company is insolvent?

By Kyle Kimball - 16 January, 2018

The answer to the question “How do you determine if a company is insolvent?” is important because there are serious consequences for a director if debts are incurred after the company has become insolvent, including civil penalties, compensation proceedings and criminal charges. However, it is often difficult to know when a company has crossed the continue reading

Are You A Director Of An Insolvent Company?

By Kyle Kimball - 7 February, 2017

Business Law

During difficult economic conditions it is important that all directors revisit their duties as directors and are aware of how the board should deal with the situation where a company is in financial difficulty and may be insolvent. What is insolvency? A company is deemed to be insolvent when it cannot pay its debts as continue reading

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