Keith Tully is a Partner at Real Business Rescue, part of Begbies Traynor Group plc. and has 30 years’ experience advising directors across a range of company distress issues. Keith recently set up a dedicated Covid-19 Support group for business owners across the North West, where he is based.
A deceased estate is insolvent when the deceased person’s liabilities exceed the value of their assets. This leads to creditors being owed money by the estate, which must be repaid as far as funds allow.