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Directors Loan Accounts

Directors Loan Accounts with PLS Solicitors

PLS Solicitors specialise in providing advice and assistance to directors faced with demands for repayment of alleged overdrawn loan accounts and defending such claims if court proceedings are issued.

For a free company insolvency quote without obligation regarding Directors Loan Accounts, please get in touch or call one of our company insolvency experts on 0844 8111 410

When a company go into insolvent liquidation any liquidator appointed has a duty to investigate the company’s affairs. The purpose of such investigation is manifold but one of the first things the Liquidator will consider is whether any of the former directors have overdrawn loan accounts that need to be reclaimed.

If the loan accounts are overdrawn, former directors can expect an immediate demand for payment. However, the sum demanded by a Liquidator may not be a true reflection of what is due and owing. In some cases, nothing is owed. Directors need to consider what they can offset against overdrawn loan accounts to reduce or extinguish their liability.

PLS Solicitors specialise in advising on the complex area of company insolvency, especially Directors Loan Accounts. We offer a friendly, efficient and effective legal advice on any area of company insolvency.

Get in touch for a free quote or advice on Directors Loan Accounts from PLS Solicitors, without obligation.

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Why choose PLS

  • We explain the process in plain english, no legal jargon.
  • We adopt an understanding and methodical approach when dealing with each individual case.
  • Our office hours are 9am to 7pm Monday – Friday and 9am to 4.30pm Saturday and Sunday
  • We are fast. Because of our speed, we work as a nominated solicitor for many of the UK's largest developers.
  • We have a team of 100+ staff based in the UK
  • All work is carried out in-house by a member of our team.
  • Between our directors we have over 100 years worth of conveyancing experience

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