Paul Burness is a Managing Partner at Worrells Solvency & Forensic Accountants, with considerable experience in all forms of Corporate and Personal Insolvency, an area he has worked in since graduating. Paul is passionate about helping businesses through the insolvency process and educating businesses on how the insolvency process works, and when it might be necessary.

In today's episode, Paul talks us through what actually happens when a company enters the liquidation process. Paul breaks down all the terminology, how it works, and who in the company is affected. You'll learn the signs that your business might be insolvent, and how to ensure directors aren't personally liable — everything you need to know about winding up a business.

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This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.

How the process of insolvency actually works