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insolvency

What are a director’s duties during the insolvency of a company?

March 20, 2020 By Alston Asquith

Directors Duties & Insolvency

By law, when a company becomes insolvent, then the director of that company will have a duty not to the shareholders, but to their creditors. This means that your first priority as a director is now to recoup your creditors' money, as well as acting, to the best of your ability, in a way which does …

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