Pannone launch recession advice service
Manchester law firm Pannone has launched a free advisory service targeted at company directors to assist them in dealing with the mounting problems they face trading through the current credit crunch and economic recession.
Richard Glithero, who is Head of Pannone’s Corporate Recovery and Insolvency Department, and is both a solicitor and a licensed insolvency practitioner, said:
“Directors need to be aware of the personal and corporate risks of trading during a recession. Often a five minute chat with the right person can help them to avoid becoming personally liable for the debts of their company, and can prevent them from incurring civil and criminal liabilities. Directors are often surprised by the availability of a simple, quick and cost effective rescue procedure to preserve a viable business whose existence has been threatened by immediate cash flow issues, often as a result of demands from the taxman or the company’s landlord.”
He continued, “Issues such as outstanding PAYE and VAT, rent arrears, employment issues, bank overdraft limits breached and directors’ personal guarantees are best dealt with in a joined up way, after a review of the whole picture, rather than in isolation.”
Pannone has a team of lawyers and insolvency practitioners who can advise on all aspects of business law, including; insolvency, funding, negotiating bank facilities, directors duties, trading whilst insolvent, non payment and the issue of having customers faced with insolvency.
Any director can speak in person and without any obligation or commitment to Richard Glithero or Dylan Quail, who are both partners and licensed insolvency practitioners and talk through the issues that are keeping them awake at night.
- Contact Information
- Richard Glithero
- Corporate Recovery & Insolvency Solicitor
- Pannone LLP
- Contact via E-mail
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