What happens if you can’t pay an overdrawn Directors Loan Account? Dealing with company liquidation can be stressful, so we’re here to answer your most important questions. One question we often hear is, ‘What happens if you can’t pay an overdrawn director’s loan account?’ In this blog,
Read more →What happens to a director’s loan account in liquidation? Firstly, if you are reading this article and are worried that you have a director’s loan, we don’t want you to panic. There are many directors in the same position. What’s more, you have options even if your
Read more →Before entering into any insolvency proceedings, you must check your director’s loan account. In this article, we’re answering the question, how does a director’s loan work? What is a director’s loan account? A director’s loan account, or a DLA, is a record of transactions between the company
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