Dai Corner
Established Member
- Joined
- 20 Jul 2015
- Messages
- 6,357
Must admit I think (more generally) that being a director of a company that fails (i.e. is unable to settle its debts rather than close in a controlled manner) should be disqualified from Company directorship for a reasonable period of time.
I'm not a corporate lawyer, but I believe the offence is 'trading while insolvent' which can lead to directors being disqualified from acting as such for a specified time.