Reasons to use experienced lawyers if you are facing disqualification as a company director

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 a specialised 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 seek the services of an experienced lawyer in these circumstances 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 are not meeting the legal standards required. You could be reported as ‘unfit’ to head up a company by anyine and some of the most common reasons for this include:

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

– Failing to maintain proper business accounts

– Not submitting company returns and accounts to Companies House

– Failure to pay all taxes due by the company

– Use of corporate assets or cash for personal benefit

– 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 becomes insolvent or if there’s a complaint about your dealings,the Insolvency Service could start an investigation. If there are concerns that you have not met the legal responsibilities that are required of a company director the Insolvency Service will send you a letter.

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 this will last for a term of up to 15 years.

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

You will have the choice 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 put an end to the court proceedings. If you decide to allow the Insolvency Service to take the issue 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 discuss all available options,selecting to consult an expert solicitor is the best way forward. Not all solicitors have the necessary expertise needed to handle director disqualifications,so {selecting

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