Adrian Slater

Director and Solicitor

Insolvency

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Trading a company whilst Insolvent

Action may be taken against any director who is judged to have been trading a liquidated company when they knew or ought to have concluded that there was no reasonable prospect that the company would avoid going into insolvent liquidation.

The director is judged on what is reasonably expected of an individual acting in such a position, as well as his or her own knowledge, qualifications and experience.

If found guilty of wrongful trading the director may be held personally liable for the debts of the insolvent company and be forced to compensate the creditors, unless he or she can show that steps were taken with a view to minimising the potential loss to the company's creditors.

If you are facing allegations of wrongful trading or have concerns about your company's trading position we can help you. 

Administration Orders: An effective tool for credi...

This case is of particular significance for both Insolvency Practitioners and creditors alike as it shows a gr...

Updated rules for insolvent football clubs

Annabel Whittaker discusses regulations that apply to insolvent football clubs, which will come into effect fr...

The Insolvency Order 2015

From 1 October this year, the Insolvency (Protection of Essential Supplies) Order will come into effect.

Financial Mis-selling claims

Fraser Brown is able to assist companies, individuals, and Insolvency Practitioners with financial mis-selling...

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Fraser Brown acted for one of Irelands largest importer and wholesalers of furniture into the UK market prepa...

Top 5 legal tips to help your business thrive by franchising

Fiona Boswell discusses top 5 legal tips that will help your business thrive by franchising.

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