If a company becomes insolvent and goes into liquidation, a director may be held responsible. They can come under investigation for wrongful trading and directors liabilities. The only defence to Wrongful Trading, is if you can show that you took every action possible. This means, 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. This can also be if proceedings have been threatened or taken against them personally.
Altion Law are specialists at advising and representing parties who have issues with Wrongful Trading and/or Directors Liabilities. If you would like to have a confidential discussion with a member of our team, please complete our Contact Us Form, and we will call you back at a time that is suitable for you or you can contact us directly on 01908 414990.