As a company director there are ways in which you could become personally liable for the company’s debts if the company enters into insolvency. If you have given a personal guarantee to the company’s bankers for the company’s debts and the company cannot repay those debts your guarantee will be called upon. Unfortunately this can lead to personal bankruptcy.
If a Bankruptcy Order has been made against you, then it may be possible to apply to the Court to annul that Order. We provide timely, concise and easy to understand advice to individuals who want to consider making a court application for the bankruptcy order to be annulled.