Directors of insolvent companies must exercise extreme caution when re-using either the corporate or trading name of a company that has just gone into insolvent liquidation. Directors face the risk of claims being made against them by liquidators for personal liability in respect of the debts of NewCo, and/or the prospect of criminal charges. […]
After the liquidation of a company there are different groups of people that may find themselves subject to the scrutiny of a Liquidator. These people may be the former directors of the liquidated company, those responsible for its formation, it’s employees, or it’s professional advisors. A Liquidator has a duty to investigate the affairs of […]
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