Insolvency represents a critical juncture for any business. Recognising the signs early and taking proactive steps can sometimes avert disaster. However, if insolvency is imminent, understanding your legal obligations and options is paramount. The process is challenging, but with the right advice and actions, there is a path forward. It’s a stark reminder of the importance of diligent financial management and the need for businesses to remain adaptable and responsive to changing market conditions.