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Even the best-run business can face unexpected challenges and solvency issues. It's important you recognise the signs and understand your duties as a director.
Companies become insolvent for a variety of reasons. What happens next will depend on the individual circumstances involved.
Guidance about Personal Guarantees
Calling and holding a public examination in court of a bankrupt or director under the insolvency legislation
This guidance is for approved Intermediaries applying for a DRO.
Update: 22 September 2025 - Information for employees, sub-contractors, creditors and suppliers of Carillion in liquidation
Crown departments
Dealing with an insolvent's solely-owned property where the property has or had tenants
This chapter provides advice on dealing with pensions
Sending your confirmation statements.
Directors are required to submit records for tax, VAT and company information.
Interviewing bankrupts and directors, including taking statements to record information obtained
Employment law and insolvency
The Insolvency Service's commitment to our customers.
We can investigate companies that have been dissolved without entering into formal insolvency proceedings
Compulsory liquidation occurs when a court orders the liquidation of a company.
Information about director's loans.
Information on the work of the PPI Team and recovering compensation where the insolvent has been a victim of financial mis-selling cases.
Distribution by means of a dividend or division of property
Information about the public register of bankruptcies, debt relief orders and individual voluntary arrangements
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