13/05/2026
“Are we going to be treated like criminals?”
That was one of the first questions two directors asked us recently when discussing liquidation.
With so much discussion around the Government’s new “Abusive Phoenixism Taskforce”, many genuine business owners are understandably anxious.
But there is a significant difference between business failure and director misconduct.
Our latest article looks at what the Insolvency Service is actually targeting and why liquidation itself is not evidence of wrongdoing.
Directors facing insolvency are often worried about being treated as criminals. We look at the difference between a genuine business failure and director misconduct.