How to deal with voluntary insolvency

The harsh reality of running a small business is that many such ventures are doomed to fail.

In Britain some 14,000 businesses are wound up each year because they can no longer pay their debts and become insolvent.

There are two main types of company liquidation - voluntary and compulsory. A detailed article in the Times looks at the former and your responsibilities as a director if you think your company is facing liquidation.

The full article is here:

Insolvency: the correct way to deal with failure - Times