Warning Signs That Your Company Is Heading Towards Insolvency

Warning Signs That Your Company Is Heading Towards Insolvency

When your business goes insolvent, it means that your debts outweigh your assets, or your company is not able to pay its debts when they are due. Once this happens, your business becomes at risk of being wound up and having its assets liquidated to pay off your creditors. An experienced insolvency practitioner will help you through the process, and they may be able to offer a long-term solution such as a company voluntary arrangement, that can help you get out of debt.