You are juggling funds in a manner best suited to hold off creditors and to stop legal proceedings being instigated or continuing. Suddenly and without warning a colleague informs you an enforcement officer has arrived to seize goods under a landlord’s distraint for rent arrears. There have been no legal proceedings and the enforcing officer will not leave unless you pay the amount due under the distraint. An inventory is taken of your assets and these will be removed if the debt is not paid. Without the assets under threat of seizure the business is crippled and doomed to fail.Continue reading