Stephensons Trustpilot stars
Based on count 983
View all reviews

Trading whilst insolvent

If your business is in financial difficulty and may be insolvent you should seek specialist legal advice at the earliest possible opportunity. If the business subsequently enters a formal insolvency procedure and you have continued to trade whilst it was insolvent there is a high risk of an insolvency practitioner seeking to recover loss incurred in that period from directors personally.

Trading while insolvent can breach several provisions of the Insolvency Act 1986 which could result in directors disqualification proceedings.

As a company director it is your duty to act responsibly and act in the best interests of the company.

For more information of the duties of a director please click the following link: Directors' duties

If you would like to speak to a member of our insolvency law team to discuss your situation please call us on 01616 966 229, alternatively please complete our online enquiry form and we will contact you directly.

loading staff

4.7out of 10
4.7 score on Trustpilot Based on count 983

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

Update: Corporate Insolvency & Governance Bill 2020

The measures put in place by the government earlier this year to protect businesses against the threat of insolvency and those protecting directors against wrongful trading claims by a liquidator have been extended to 31 December 2020, to give companies...

Read more

Twitter commercial

@CommercialLLP

Stephensons secures Lexcel accreditation once again

For the 10th year in a row, Stephensons has secured the national Law Society’s legal practice quality mark, Lexcel.  The prestigious Lexcel practice management accreditation is an optional scheme for law firms and in house legal departments...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Martha McKinley
  • Paul Davies
  • Jessica Charnock​
  • Julie Hunter
  • Adam Pennington​​
  • Andrew Whitehead
  • Gillian Cooke
  • Laurence Searle
  • Martin Haisley
  • Terri Meehan
  • Kenneth Tang
  • Neil Marshall
  • Declan Gilroy​
  • ​Kerrie Ainscough
  • Matthew Smith