Tag: wrongful trading
Directors Personal Liability – A revisit
When a company enters into an insolvency procedure there is a ripple effect, suppliers can be owed money causing them cash flow issues, which in turn effects their ability to pay their suppliers and so on down the chain. Likewise those who have paid for goods or services may not receive them. The effect on... Read more »
Covid-19 – Issues for Directors around wrongful trading
It is nearly a month since the announcement on the 28 March by the Government that it would be temporarily suspending the provisions relating to wrongful trading. At the time of writing the legislative provisions have not yet been debated. The objective of the government at the time was “to help UK companies which need... Read more »