Elliot Green · @elliotgreenIP
5 followers · 222 posts · Server mas.to

"The risk of being accused of Wrongful Trading is sufficient to highlight it as a concern of many Directors...

... Arguably, it is easier for liquidators to make out cases under the adjustment provisions, such as preferences (especially against connected persons)"

RT @Oliver__Elliot@twitter.com

Should I Be Concerned About Wrongful Trading If My Company Enters Liquidation?

oliverelliot.co.uk/insolvency-

🐦🔗: twitter.com/Oliver__Elliot/sta

#covid #smallbusiness #business #debt #wrongfultrading

Last updated 2 years ago

Elliot Green · @elliotgreenIP
5 followers · 222 posts · Server mas.to

"yes but not simply because your company has gone into Liquidation. There has to be something a whole lot more involved by causing a loss to creditors due to Director neglect."

RT @Oliver__Elliot@twitter.com

Should I Be Concerned About Wrongful Trading If My Company Enters Liquidation?

oliverelliot.co.uk/insolvency-

🐦🔗: twitter.com/Oliver__Elliot/sta

#covid #debt #wrongfultrading #smallbusiness #business

Last updated 2 years ago

Elliot Green · @elliotgreenIP
5 followers · 151 posts · Server mas.to

Concerned About Wrongful Trading If Company Enters Liquidation?

Other than "There has to be something a whole lot more involved by causing a loss to creditors due to Director neglect."

oliverelliot.co.uk/insolvency-


#business #debt #Costoflivingcrisis #wrongfultrading #liquidation

Last updated 2 years ago

Elliot Green · @elliotgreenIP
5 followers · 149 posts · Server mas.to
Elliot Green · @elliotgreenIP
5 followers · 149 posts · Server mas.to

The moment things have got to such a pitch that he cannot pay 20 shillings in the pound, but he nevertheless thinks that if he goes on he may be able to retrieve his position,

#business #wrongfultrading

Last updated 2 years ago

Elliot Green · @elliotgreenIP
5 followers · 149 posts · Server mas.to

But the moment he becomes insolvent, then he is no longer going on at his own risk in case of failure; he is going on at the risk of his creditors, in case things do not mend, as he hopes they will. In my judgment, a man has no right to do that.

#business #wrongfultrading

Last updated 2 years ago

Elliot Green · @elliotgreenIP
5 followers · 149 posts · Server mas.to

:

Cave J held:
“[A] man, of course, has a perfect right, as long as he is solvent, to determine that he will go on with a business, although it may be a losing business. He may trust that, before he becomes insolvent matters will change...

#business #wrongfultrading

Last updated 2 years ago

Elliot Green · @elliotgreenIP
3 followers · 67 posts · Server mas.to

Wrongful trading is not insolvent trading. is trading on when you know or ought to know the company would go into .

#liquidation #insolvent #wrongfultrading

Last updated 2 years ago