Directors - Liquidated Companies

Directors - Liquidated Companies

1. Liquidator of West Mercia v Dodd

   • Liable to creditors pre '86

2. Insolvency Act

   • Misfeasance
     • s212
     • Breach of duty to company
     • DKG Contractors
       • Subsidiary paid first
   • Fraudulent trading
     • s213
     • Morris v Bank of India
   • Wrongful trading
     • s214
     • Produce Marketing
       • Overestimation of stock
   • Phoenix Trading
     • s216
     • Glasgow v Craig and Moccia

3. Honest and Reasonable

   • s1157
   • not used for IA s213/214