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cialis pillsA director of a limited liability Company can find himself exposed to certain Company debts when the Business fails – personal guarantees to banks, leasing companies and major suppliers for the debts of the Company are the main sources. In addition, you may have run up purely personal debt on overdrafts, credit cards etc. while dealing with the difficulties of your business. Ultimately your very home may come under threat unless you take charge of the situation.
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You should consult an Insolvency Practitioner and take his advice as soon as you recognise the unavoidable state of insolvency. Many new considerations come into play when a Company moves from a “going concern” status into an “end-game” status. The normal decisions that you need to take as a director become fraught with potential peril for your reputation and the wrong decision might result in personal liability for debts of the company, or in disqualification from acting as a director in futurebuy viagra in mexico.
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