Reasons to use experienced lawyers if you face director disqualification

If you’re facing suspension or disqualification as a director of a limited company in the UK,it’s vital to seek the support of an expert lawyer at the earliest opportunity. There are a number of reasons company directors can be reported as unfit to hold office,and some company directors find themselves in jail as a result.

Another good reason to opt for the services of an experienced lawyer in these instances is that it could actually lead to the Director Disqualification Investigation being stopped.

About company director disqualifications in the UK

Any company director can be banned or disqualified from directorship if it’s believed that they don’t meet their legal responsibilities. You could be reported as ‘unfit’ to head up a company by anyine and some of the most common reasons for this are:

– Continuing to trade when your company is unable to pay all its debts

– Not maintaining proper business accounts

– Failing to submit company returns and accounts to Companies House

– Not paying all taxes due by the company

– Using corporate funds for their own use

– It is not usually permissible bankrupt individuals or people under restrictions of Debt Relief Orders to hold the office of company director

How does the disqualification process work?

If your company is in insolvency or if there’s a complaint about you,the Insolvency Service could conduct an investigation. If there are concerns that you have not carried out the duties of a director, that are required of a company director the Insolvency Service will advise you in writing.

Other formal organisations that could apply to disqualify you as a director of a limited company in the UK include Companies House,the UK courts,the Competition and Markets Authority and a business insolvency professional.

If you are disqualified as a director it could last for up to 15 years.

In cases where the Insolvency Services are involved,you will be told of the reason(s) it’s thought you are unfit to be a company director and that the disqualification procedure will is to be put into operation. You will also be informed of how you can respond to these allegations.

You will have the option of waiting until you are taken to court for the formal disqualification to be passed,or you can choose to voluntarily disqualify as a director. Voluntary disqualification will stop the court proceedings. If you decide to opt for the Insolvency Service to take the matter to court,you can defend the case if you don’t agree with the reasons given for disqualification.

If you have received a disqualification letter from the Insolvency Service and want to talk about all available options,selecting to consult an expert solicitor is the best way forward. Not all solicitors possess the essential expertise needed to handle director disqualifications,so {selecting

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