Wrongful trading is a term applied to companies in liquidation where a director allowed the company to continue trading in circumstances where he should have concluded that there was no reasonable pro [..]

See Trading while Insolvent.

A Director may be held liable for wrongful trading if they allowed the company to continue in business when they knew or ought to have known that there was no prospect of meeting the company liabiliti [..]

Directors of a company in liquidation may be held personally liable by the court and ordered to make a contribution to the company’s assets.

Wrongful trading is a section under the Insolvency Act 1986 that can make company Directors personally responsible for liabilities where there is sufficient evidence that they intentionally traded the [..]

Applied to companies in liquidation where a director allowed the company to continue trading in circumstances where he should have concluded that there was no reasonable prospect that the company woul [..]

When the directors of a company know or should know that it has no reasonable prospect of avoiding insolvent liquidation, they must take all reasonable steps to avoid losses to creditors.  A liquidato [..]