With the latest DTI statistics showing an increase in corporate insolvency in 2005 compared to 2004, from 12,192 to 12,893, there is a danger that directors not fully aware of their responsibilities, may find themselves facing more than just financial difficulties.

If you are concerned about how you might become personally liable for your company's debts, even if you run a limited company, please talk to us or view our helpsheet on directors responsibilties.

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