Hi everyone, I'm in a very tough situation. I buy property in a discretionary trust and operate a business through a separate discretionary trust. Unfortunately, due to increased competition, my business which operates through a corporate trustee, is looking to fall into insolvency. I really need to know what the implications are in terms of future finance depending on what I do from here. 1. If I, as the director of the business, decide to put the company into voluntary administration, and then it in turn falls into liquidation, will this impact on my credit file as an individual? and as a director of any other company? How will this route affect my ability to obtain finance in both a personal and business ( through a trust) capacity? 2. If I try to ride it out and end up defaulting, I would risk falling into insolvent trading, and potentially be liable as a director to creditors etc. Will defaulting/ insolvent trading be worse than placing the company into voluntary administration before it become insolvent? Thank you.