Welcome to this week’s episode of The Property Pod, today I am joined by Phil and Gary from McTear Williams & Wood and they give their advice for struggling businesses.

Why should we want to know about insolvency? 0:22 seconds

Who are McTear Williams and Wood? 0:45 seconds

How can you help and how much does it cost? 1 minute

What type of businesses do you help? 1 minute, 35 seconds

What personal liability can directors occur? 2 minutes, 17 seconds

What are the warning signs of financial difficulty? 3 minutes, 32 seconds

What should directors do if they’re facing a winding-up petition? 7 minutes, 21 seconds

What options do directors have in an insolvency process or liquidation? 7 minutes, 45 seconds

Is it difficult to put a company into liquidation? 10 minutes, 6 seconds

Does it impact upon the director’s credit rating? 11 minutes, 11 seconds

Should directors borrow more money to get them out of financial difficulty? 11 minutes, 39 seconds

Will the directors be personally liable for their debts? 13 minutes, 42 seconds

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