Use director loans with caution, urges insolvency specialist
By Dynamic Business · 13 November 2019 · Featured
By Dynamic Business · 13 November 2019 · Featured
With director loans on the rise, a leading insolvency specialist warns of a growing risk of bankruptcy. But can these loans be a lifeline or a financial disaster waiting to happen?
Jirsch Sutherland, national insolvency and business recovery firm, has warned company owners and directors to understand the risk of using debit loan accounts. This comes after noticing an increase in bankruptcies as a direct result of director loans. “Used wisely, director loans can be useful," said Stewart Free, Jirsch Sutherland Partner. "However, there are some circumstances where […]