“The director explains the following caused the company to become insolvent:
1. The company recently sold its business to a related party;
2. The sale proceeds are not adequate to pay all creditors;
3. The company is also subject to an employment dispute, the company does not have the resources or funds to deal with the dispute albeit it denies complete liability. "
“In a liquidation context, where transactions have occurred when the company did not satisfy the solvency test, creditors may be able to recover from directors personally.”作者: Xcellent 时间: 2017-11-23 16:22:37