Businesses are going to start re-opening as we come out of lockdown and hopefully life will start going back to normal. But what happens if the business you own or work for simply can’t get back on it’s feet and can no longer pay it’s debts?
Before October 2007 if you wanted to appoint someone to manage your financial affairs you put in place an Enduring Power of Attorney (EPA). An attorney appointed under an EPA could only manage your finances and they had no authority to deal with health and welfare matters.