If you have not been involved in any of the above, your liability for company debts will be limited to the amount of money you personally invested in the business.
You raise funds to repay creditors via fraudulent means.You sell the assets of an insolvent company for less than their market value.You continue to trade for the benefit of the shareholders despite knowing the business is insolvent.You over pay yourself using company funds and create an overdrawn director’s loan account.When Might a Director be Held Personally Liable for Company Debts?
Consultations are no obligation, free of charge, and in total confidence. Click into live chat for expert advice right now.
