Insolvent Trading Defence
Understand and prepare your defence if a liquidator is pursuing you personally for insolvent trading — incurring company debts when the company was unable to pay its debts.
Official source
asic.gov.auRelated topics
insolvent tradingdirector liabilitypersonal liabilityliquidators588gcorporations actdirector debtsafe harbour defencedirector suedcompany debt personalliquidator chasing meinsolvent company directorcompany can't pay debtsdirector personal liabilitybusiness debt recoverycompany insolvencycompanybankruptcydebt agreement
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