Defending Unfair Preference Payment Claims From Liquidators
Not many people know that they could also be on the hook if one of their customers goes into liquidation. Liquidators have broad powers to recover payments made by companies under liquidation to their suppliers. The most common way liquidators may seek to recover money from a supplier is by…
Are Directors Personally Liable For The Debts Of An Insolvent Company?
A company is a separate legal entity and has its own properties, duties and rights. The company can own and sell property and other assets, sue and be sued and enter into contracts in its corporate name. This means that the company’s debts…