Legal and Financial Implications of Wrongful Trading Claims | |
As businesses face financial difficulties, company directors must manage their companies with diligence and care. One of the most serious risks they encounter during insolvency is the possibility of a wrongful trading claim. Wrongful trading occurs when directors continue to trade, knowing there’s no reasonable prospect of avoiding insolvency. The implications of such claims can be devastating, both legally and financially, for those involved. In this article, we explore the legal framework surrounding wrongful trading and discuss the financial implications for directors. | |
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| Target State: All States Target City : Norwich Last Update : Nov 20, 2024 1:32 AM Number of Views: 13 | Item Owner : Jamie Playford Contact Email: Contact Phone: 08002461845 |
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