Courts are now rejecting pleas of 'Deepening Insolvency' as a cause of action as the law does not require a business to be wound up solely for the benefit of creditors. It was stated that the Board Of Directors should be able to exercise their informed business judgment to try and turn the company around. This gives the company an opportunity to continue trading.
If your business is struggling with overwhelming demands from creditors and you fear going out of business then call us. We can off you options to reduce your debt to a manageable level and save your business!
Call us on: 0800 071 1616
Email: info@debtsgone.co.uk
Website: www.debtsgone.co.uk
Sunday, 15 April 2007
Posted by Debtsgone LTD at Sunday, April 15, 2007
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