Insolvency Test

Check for Warning Signs – Are you or is your business insolvent?

Check the 3 questions below, all ‘warning signs’ of potential personal in business insolvency.

1. Can you or your business pay their debts as they fall due?

2. Do you or your business owe more than you/it own?
(You must include all liabilities including ‘prospective’ ones and all assets must be at current values).

3. Do you or your business have any 'unsatisfied' legal claims, like CCJ’s?

 

 

How many of the following statements also apply to you and your business?

The more questions you can tick or recognise, the more you need to seek advice.

That is free with Phoenix so call us on 08000 126 580 or contact us by email via our Contact Us page.