Date post: | 22-Jul-2016 |
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Upload: | insolvencyandlaw |
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The directors have to consider several factors to make the
company insolvent. In addition to choosing the most appropriate
form of insolvency, they also need to ensure that the insolvency proceedings are carried out
properly. The insolvency service will further make it easier for the directors to avoid any personal
liability, while reducing the chances of disqualification.