Can Directors Be Held Personally Liable For Business Debts?
If you’re a director of a limited company whose business is struggling to pay its bills and wondering if insolvency is your only option, you might be concerned that you…
Directors’ Personal Guarantees
A personal guarantee agreement holds a company director personally liable if the business is unable to repay money owed. A personal guarantee agreement is typically a requirement when taking out…
Are Directors Liable for Bounce Back Loans?
The Bounce Back Loan Scheme (BBLS) has proved a lifeline to many businesses struggling over lockdown. The scheme allows eligible businesses to borrow between £2,000 and £50,000 to cover additional…