Wrongful Trading & Directors Liabilities

If a company becomes insolvent and goes into liquidation, a director may be deemed personally liable for ‘wrongful trading’. The only defence to wrongful trading is if you can show that you took every action possible to minimise the potential loss to the company’s creditors. This makes it essential that as a director you have properly documented all the steps when your company faces the threat of insolvency. Altion Law has experience of representing directors when their interests are different from the company, or where proceedings have been threatened or taken against them personally.

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For a free enquiry, call us today on 01908 414990, email us at hello@altion-law.co.uk or complete our free enquiry request for a free, confidential and no obligation discussion and let one of our expert team discuss your situation and the options available to you.