A creditor worried about the solvency of a company can take which of the following actions?

Question

Quizplus · Accepted Answer

A creditor worried about the solvency of a company can take all of the actions mentioned above. Reviewing company information on Companies House and obtaining a credit reference for the company are ways to gather information to assess the financial health of the company. Obtaining a personal guarantee from company directors provides the additional assurance that in case the company fails to pay its debts, the directors can be held liable personally to repay them.

A Creditor Worried About the Solvency of a Company Can