Page 31 - BOSS Today Issue 30

will call a meeting of creditors
who will be asked to agree to
the liquidation.
The key points to remember
are that if you think that your
company is insolvent - or
becoming close to that point
- then its directors have to
take care, because they have
personal duties and liabilities to
ensure that the company does
not continue to trade into an
even worse financial position. “If you think
Directors should make sure
that they have access to up to that your
date management accounts
and financial information, have company is
regular board meetings to
discuss the position, question insolvent -
the cash flow and minute the or becoming
decisions that they make. Also
they should get advice and close to that
consider all of the options
available. point - then its

n FOR FURTHER directors
INFORMATION CONTACT
NICOLA LANGLEY, have to take
COMMERCIAL SOLICITOR AT
nicola@bossfederation.co.uk care.”

November/December 2015 | BOSS TODAY 31

DTB BOSS issue 30 p30-p31 copy 2.indd 3 13/11/2015 11:26