Company With Debts? Liquidate or Rescue Your Company

An overdrawn DLA becomes a debt owed to the company — and ultimately to the liquidator. This can feel alarming, but it doesn't have to mean personal bankruptcy. We work with you from day one to assess the balance and, where possible, negotiate a structured legal settlement that protects your position.

A personal guarantee doesn't automatically mean you'll lose your home. Banks and landlords must still follow a legal enforcement process, and there is often significant room to negotiate — especially early. We've helped directors settle PGs at a fraction of face value by engaging creditors before they escalate to legal action.

If your Bounce Back Loan was used for genuine business purposes, you have nothing to fear. BBLs are unsecured company debts — they are written off inside a formal Creditors' Voluntary Liquidation alongside all other unsecured creditors. As long as there was no fraud or misuse of funds, the loan does not follow you personally.

The moment a formal insolvency process begins, an automatic legal stay is imposed. HMRC enforcement action, bailiff visits, and winding up petitions are all immediately halted. Time is critical — acting quickly gives us the best chance of preventing a compulsory liquidation and keeping control firmly in your hands.