Bankrupt, insolvent or in need of rescue?
I doubt any business owner is totally ready for the pressure that being in charge can bring. It’s hard being the person at the top, particularly when it comes to having money issues.
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insolvency
Beware the elephant traps
Something I have been asked several times recently is when should directors seek advice from an insolvency practitioner. My answer is always “as soon as possible”!
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