Comments for Wilson Field News | Insolvency | Liquidation | Finance

Comment on Are You a Shadow Director? by Am I Trading Whilst Insolvent? | Wilson Field News | Insolvency | Liquidation | Finance

Thu, 08 Sep 2011 11:05:19 +0000

[...] also applies to shadow directors, more of which can be read about in our earlier blog entry here. A successful wrongful trading action taken by a Liquidator can result in a director being made [...]

Comment on Pre-Pack Administration & Liquidations by Robert Hawkins

Robert Hawkins — Wed, 27 Oct 2010 11:09:40 +0000

All too often the sale of the assets takes place without creditor knowledge for pennies in the pound of original worth. It would be much more transparent if the assets were offered to the creditors instead of what is often seen as an underhand sale “cheap” to the directors or previous owners thus leaving creditors with nothing as usual.

Comment on “Wrongful Trading” or ”Trading Whilst Insolvent” by Nichola Napleton

Nichola Napleton — Thu, 22 Jul 2010 14:29:59 +0000

My husband was a founder-shareholder of a company into which we had put large amounts of capital over the years. He was suspended in January for gross misconduct and dismissed in March – he is pursuing the company for unfair dismissal through an employment tribunal. Before his suspension, he had board approval of an outstanding loan of £250K and the company had started the repayments, but as soon as he was suspended they ceased payment and now refuse to recognise the debt. We believe that they have deliberately put the company into an insolvent position and are now pursuing a CVA, which does not recognise the monies owed to us and takes no account of our one-third shareholding in the newly proposed company. It seems as if the company is literally being stolen from us! It has already cost us money we do not have to fight this case – can you offer any helpful advice, please?