If a company is facing financial trouble, directors should seek advice early on from expert solicitors such as Darwin Gray. This could be regarding what the insolvency of the company will mean for them and what personal liabilities they may face as a result of it, so they can protect themselves as much as possible. Directors of insolvent companies in England and Wales have a different set of challenges and responsibilities to directors of solvent companies. When a company becomes insolvent, meaning it can’t pay its debts as they fall due or its liabilities exceed its assets, directors have to navigate complex legal and ethical issues whilst fulfilling their duties to…