Guidance

Consequences of company insolvency

Companies become insolvent for a variety of reasons. What happens next will depend on the individual circumstances involved.

• From: The Insolvency Service
• Published: 7 July 2023
• Last updated: 24 April 2024 — See all updates

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Consequences for directors

What can happen to a director if a company is insolvent.

HMRC joint and several liability notices

HMRC action to deal with tax avoidance matters.

Debts and insolvent companies

Where to get help.

Antecedent transactions

Information about transactions during administration or liquidation.

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Published 7 July 2023
Last updated 24 April 2024 + show all updates

1. 24 April 2024

   New section added - HMRC joint and several liability notices.

2. 7 July 2023

   First published.