Protecting you as a Director

As a Company Director you have statutory obligations to ensure your company does not trade while it is insolvent. This means you must be able to pay debts as and when they are due. Company Directors may be personally liable for company’s debts if they are in breach of these provisions.

You need to know how to protect yourself, your personal assets as well as your company. As a Director you do have statutory defences against actions brought by liquidators for recovery of transactions made while your company is alleged to be trading insolvently.

Additionally there are a number of other pieces of legislation that potentially provided for penalties and liability upon a director. Your Streeterlaw Lawyers can assist you as a director in structuring your affairs to ensure any loans you make back to the company are secured.

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