Insolvency refers to a company’s inability to meet its financial obligations, while liquidation is the formal legal process of closing the company and distributing its assets.

Yes. Debt restructuring arrangements or negotiated settlements with creditors can help a business continue operating.

Employees are usually prioritized for payment from the company’s available assets, and we ensure compliance with labour and insolvency regulations.

In certain cases—such as negligence, improper management, or wrongful trading—directors may face personal liability. We advise on steps to manage and limit this risk.