Talking Law

Talking Law


[EP 123] What to do when the business goes bad: navigating tough discussions with a liquidator

July 14, 2021

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In this episode, Joshua Taylor (Managing Director of Taylor Insolvency) and our host Joanna Oakey talk about what you need to do when you or your clients find their business in financial distress. Josh shares a number of real anecdotes and lessons learned from them. Joshua’s company, Taylor Insolvency, helps stakeholders in the insolvency process — from Directors to Individuals, Accountants, Solicitors, Creditors, Employees, and Customers. They aim to make liquidations as simple as possible in order to help businesses through tough times to happier times.








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Episode Highlights:

* Why are we talking about this?
* Who is most exposed to financial challenges?
* Case studies of businesses that have gone bad
* What is the personal liability risk of a director
* Other risks for directors when a business is in financial distress
* Key takeaways






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Transcript below!
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Note: This has been automatically transcribed so will be full of errors! We are not providing it to you as a word-perfect version of the podcast but just as an easy way to provide you with a different way to be able to scan for information that might be relevant to you.






Joanna: Josh, thank you so much for joining us today on Talking Law, it's great to have you on the show.
Joshua: Well, thank you for having me. It's exciting to be here.
Joanna: Fabulous. Okay, now look, I really wanted to drill into this concept of when things go bad for an organization. And I love stories. So I thought it'd be great if we had you on the podcast talking about what it looks like when things go bad, and then maybe even some tips and tricks for our listeners as to the things that they can do, I guess, to help ward off issues or identify them early enough. So maybe kicking into it, I guess, what, why are we talking about this topic Josh? I mean,