Insolvency - Personal Liability & Disqualification

Part and parcel of corporate insolvency will be consideration by a liquidator of personal liability and conduct by the company directors and there may often follow proceedings against the directors personally. The usual principle of separate corporate personality may not apply and we are frequently called upon to advise directors personally upon their liabilities and obligations under the Insolvency Act.

Our team has extensive experience of handling all forms of litigation arising out of Insolvency Act proceedings including actions for preferences, transactions at undervalue; wrongful trading; director misfeasance proceedings; section 423 actions and DTI director disqualification proceedings.

In addition to advising companies and directors we also act for a number of Insolvency Practitioners in pursuing such claims and offer a “no win no fee” arrangement in appropriate cases as funds for a liquidator can often be tight.