Can I sue the directors of an insolvent company?
If your debtor is a company and it is insolvent, then you won’t be able to take advantage of “ClaimMyDebt”.

We can check to make sure that a company or business really is insolvent as some business owners and directors claim this as a form of delaying tactic to stop you issuing proceedings.

If we find a business is insolvent, we will make sure that your debt is registered and that you are notified of meetings of creditors and receive the liquidator’s/receiver’s reports.

At some point you may receive a pay out of a dividend from any money left after all the preferential debts have been paid – but don’t count on it! Insolvency is an expensive procedure and often creditors are left with very little at the end of the line.