Mansi Airi Gambhir enrolled with the Delhi Bar Council in 2009 and holds Masters in Corporate Laws f... Read More
How to Avoid risk of Insolvency
How Can I Reduce The Risks Of Insolvency
- Sector-1, Noida
You can reduce the risk of becoming insolvent by ensuring that your business is soundly financed and keeping good control of your cash flow. These are issues you should discuss with your advisors and your bank. Building a good relationship with creditors; for example, your bank can help to reduce the risk that they will instigate proceedings against you if your business does run into financial difficulties. The bank (and other creditors) can be more supportive if you keep them informed and have a good previous record of prompt payment.
Answered on 28 Sep 2018
1/1 people found this helpful
Didn't find the answer you are looking for?
Talk to experienced lawyer online and get your answered in minutes.