CHecklist

Take the test below to check if your company is insolvent and know what steps to take next, whether to contact a liquidator, or solicitor, or financier, or an insolvency practitioner:

Name *

Email *

Telephone *

Does your company experience continuing losses? *

Does your company struggle to meet short term commitments as they come due? *

Does your company have overdue Commonwealth and State taxes? *

Is your company unable to borrow further funds from your present Bank? *

Does your company have access to alternative finance? *

Is your company unable to raise further equity capital? *

Are your suppliers placing your company on cash-on-delivery? *

Does your company pay creditors unpaid outside trading terms? *

Does your company issue post-dated cheques frequently? *

Are your company’s cheques frequently dishonored? *

Does your company have special arrangements with selected creditors? *

Were solicitors’ letters, summons[es], judgments or warrants issued against your company? *

Are your company’s payments to creditors of rounded sums which are not reconcilable to specific invoices? *

Is your company unable to produce timely and accurate financial information to display its trading performance and financial position, and make reliable forecasts? *

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