A director is not absolutely liable for all losses suffered by a company on his or her watch. So the Court of Appeal has ruled in a recent
Liquidators are not limited to the procedure set out in section 295 of the Companies Act to recover a debt once an insolvent transaction has been set
Liquidators must seek a court order to recover an insolvent transaction - even where the creditor has not objected in time to a notice under section
Registration will be mandatory under the Insolvency Practitioners Bill as reported back to the House by the Commerce Committee.