"There was a lot of other stressful issues going on in my life at the time of the bankruptcy and I have to say without Stuart’s advice and help I don’t think I would have gotten through it as well as I have. I cannot thank Oakdale enough. I would recommend them very highly."

BUSINESS INDIVIDUALS

How does Limited Liability protect Limited Company Directors?

Although trading via a limited company provides the directors with a form of protection, if the company is unable to pay its debts there are still certain scenarios that can leave the director in a precarious position following the insolvency of their company.

The most common scenarios are:

  • Where personal guarantees have been given to creditors such as the bank, landlords, suppliers, etc.
  • Trading while knowingly insolvent
  • Preferring to pay certain creditors over others
  • Selling or transferring assets at an undervalue

If any of the above apply to you, then we may be able to help.