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	<title>advice to directors Archives - Irwin Insolvency</title>
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		<title>Can Directors Be Held Responsible for Their Company&#8217;s Debts?</title>
		<link>https://www.irwin-insolvency.co.uk/can-directors-be-held-responsible-for-their-companys-debts/</link>
		
		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Thu, 03 Dec 2020 16:28:00 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[advice to directors]]></category>
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					<description><![CDATA[Company directors are responsible for running limited companies in the United Kingdom on behalf of shareholders. If the business is facing financial trouble, then directors will want to know how much responsibility they have for the limited company’s debts. Limited companies are set up to limit the personal liability that directors have in terms of company finances. In most cases, debts are written off if the company becomes insolvent, but there are certain instances when company directors are held personally liable for company debts. We asked our insolvency experts to explain when a director can be held responsible for their company’s debts. What Is a Company Director Responsible For? Company directors have a wide range of responsibilities in terms of running the company they are appointed to oversee. Company directors are responsible for making sound [&#8230;]]]></description>
		
		
		
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		<title>Will I Be Banned from Running a Company If I Declare Insolvency?</title>
		<link>https://www.irwin-insolvency.co.uk/will-i-be-banned-from-running-a-company-if-i-declare-insolvency/</link>
		
		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Thu, 03 Sep 2020 09:17:53 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[advice to directors]]></category>
		<category><![CDATA[Insolvency]]></category>
		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=4058</guid>

					<description><![CDATA[If your company is struggling financially and facing the threat of insolvency, there are countless different options and outcomes that you, as a director, could consider, including a Company Voluntary Arrangement (CVA) or a Members’ Voluntary Arrangement (MVA). Insolvency is a serious process and, as the director of a company, your actions will be judged in light of the events and business practices that have resulted in a negative financial situation. One scenario you might be worried about is the chance of being dismissed, banned or disqualified from running a company in the future if you declare insolvency now. Every case of insolvency has different circumstances, but few directors are ever outright banned as a result. It’s good to know where you stand though, so in this article we ask our insolvency practitioners for their [&#8230;]]]></description>
		
		
		
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