A guide, not advice. This explains how things generally work. A licensed insolvency practitioner will tell you what applies to your company or to you.
Can I lose my house if my company goes into liquidation?
For most directors, no - the company's debts are the company's, and your home is beyond its creditors' reach; but the exceptions are specific, real, and worth checking against your own facts before sleeping easier or worse.
The exceptions that put a home in play
A personal guarantee secured on the property - the most direct route, common with bank facilities - or an unsecured guarantee pursued to judgment and then a charging order.
An overdrawn loan account or misconduct claim large enough that enforcement reaches property.
Personal borrowing taken to prop the company up - a pattern our warning signs guide flags precisely because it converts a company failure into a personal one.
The honest audit
List the guarantees and their security; know the loan account number; and be realistic about conduct exposure - for the large majority of directors that audit ends in relief, and for the minority it doesn't, early knowledge is what makes negotiation and settlement possible.
If the audit worries you
Don't transfer the house - eve-of-insolvency transfers to spouses are among the most routinely unwound transactions in the book, and they convert a money problem into a conduct one.
Take advice instead: 0333 023 5090, confidentially, with the guarantee paperwork to hand.
InsolvencySupport.co.uk is operated by Xeinadin Corporate Recovery Limited (company no. 11415156), 8th Floor, 100 Barbirolli Square, Manchester M2 3BD. Our insolvency practitioners are licensed and regulated by the ICAEW.
This article is intended for general information purposes only and does not constitute financial, legal, or professional advice. Always take advice from a licensed insolvency practitioner about your specific position.