Directors – The Buck Stops at Your Door!
by Neil Harrold 29 Jun 2010
The recent collapse of Lehman Brothers is a stark reminder that even giant Wall Street investment banks are not immune to insolvency.
Closer to home the ripples from the credit crunch have been steadily increasing into a storm and a ‘battening down of the hatches' - fewer mortgages available has resulted in fewer house moves, affecting estate agents, removal firms, furniture retailers - the list goes on. The purchase of other big ticket items - such as cars - is frequently being deferred, starting to spread the downturn across the whole economy.
If you are a company director, responsibility for the company's wellbeing stops at YOUR door. Are you having difficulties collecting debts due to the company? Are you having problems paying ALL creditors on time? If the answer to either question is yes, you should seek professional help NOW before the problem escalates.
To get help now contact Neil Harrold on 0191 232 8345 or email neil.harrold@hay-kilner.co.uk
Please note: This article is not legal advice; it is intended to provide information of general interest about current legal issues. Please contact us to discuss how the contents of the article may affect you.
