Claims Against Directors
Blacks Solicitors’ Insolvency team have a wealth of experience in providing commercial and sensible advice to directors when claims are made against them.
The majority of companies incorporated in the UK are limited companies. However this doesn’t mean that directors are ‘bullet proof’, especially when the company enters into an insolvency event. Although a limited corporate structure gives members/shareholders limited liability it doesn’t mean that the directors aren’t potentially liable for their actions in managing the affairs of the company.
For instance, a Liquidator may bring a claim against a director for:
- Wrongful trading
- Fraudulent trading
- Preference payments
- Transactions at an undervalue
- Extortionate credit transactions
A Liquidator is duty bound to make investigations into the affairs of the company. If those investigations reveal evidence to suggest that the directors, or a connected party, have breached one of the above statutory offences then the Liquidator will have no option but to pursue the matter.
We frequently advise Insolvency Practitioners and directors in relation to the above claims and pride ourselves in our detailed and robust approach to reach the best outcome.
For more information about our services, or for a free no obligation discussion, please email or call Blacks’ Insolvency team today on 0113 207 0000.