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
If you enjoyed this episode please don’t forget to like, share and subscribe.