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What Director’s Loan?
IIt can be difficult to know what you are entitled to take from your business and how to calculate this. Find out what is and isn’t classed as a director’s loan.
Overdrawn DLAs
If you don’t repay your DLA or, your business enters liquidation your director’s loan will become overdrawn. Discover what this means for you personally.
The Tax Implications
A director’s loan has a series of tax implications, especially if not paid back in time. Find out what these mean for you to avoid any nasty surprises.
What Happens In Liquidation
The biggest issue for anyone with a Director’s Loan Account is formal insolvency. At this point, you will be pursued personally. Explore the options available to mitigate this.
Your DLA Questions Answered
Directors’ Loans have many complex rules and can have serious personal consequences. We have answered some of the most common questions on these issues.
DLA Case Studies and Options
We have provided several real life case studies of Director’s Loan Account issues, how they were resolved and ultimately, how you can do the same.
How to Stop a Winding-Up Petition (Before a Court Decides)
A winding-up petition asks the court to close your company and appoint a liquidator to deal with its affairs. Once you receive the petition, the instinct is to react fast by paying the creditor or calling the first firm you…
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What Does Personal Guarantee Insurance Cover?
Personal guarantee insurance is marketed as a safety net for directors who sign guarantees to secure business finance. While it promises to cover much of the debt if the lender demands payment, the terms are stricter and the protection often…
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Profit Is Vanity. Cash Is Sanity: Why Profitable Businesses Still Struggle With Debt
The same optimism that builds a business can sometimes blind you to its financial problems. A business can have a healthy order book, strong sales forecasts and even report a profit, yet still struggle to pay HMRC, employees, lenders and…
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