"insolvent trading". The principle of wrongful trading was introduced in the Insolvency Act 1986, to complement the concept of fraudulent trading. Unlike...
12 KB (1,798 words) - 20:47, 3 May 2023
insolvency law, trading once a company is legally insolvent can trigger several provisions of the Insolvency Act 1986, including: Wrongful trading – Section...
4 KB (451 words) - 17:07, 14 July 2024
he may have power to bring proceedings for wrongful trading or, in extreme cases, for fraudulent trading. However, the liquidator cannot normally enter...
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(including de facto and shadow directors) are culpable for wrongful trading if they continue to trade when "at some time before the commencement of the winding...
143 KB (20,770 words) - 23:40, 3 August 2024
allegation of "wrongful trading" (or "insolvent trading") where the burden of proof is lower. Where applications are brought for fraudulent trading, it is usually...
3 KB (477 words) - 23:33, 20 December 2023
Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
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Continental Tyre and Rubber Co (Great Britain) Ltd, the Trading with the Enemy Act 1914 said that trading with any person of "enemy character" would be an offence...
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against errant directors or shadow directors for either wrongful trading or fraudulent trading. The liquidator may also have to determine whether any payments...
22 KB (2,492 words) - 17:59, 14 November 2024
Creditor (redirect from Trade creditors)
Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
8 KB (1,036 words) - 14:30, 31 August 2024
Insolvency practitioner (section Trade body)
Reform (BERR) – and, for Northern Ireland, the Department of Enterprise, Trade and Investment – also authorises IPs. The Insolvency Service, an executive...
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Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
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had at any stage traded insolvently (i.e. that had a balance-sheet insolvency) become personally liable for the business's debts. Trading insolvently is...
21 KB (2,744 words) - 20:06, 7 September 2024
applications by liquidators in relation to preferences and claims relating to wrongful trading. MC Bacon Ltd was an importer of bacon which went into insolvent liquidation...
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transactions, the business should have ceased trading earlier to preserve capital (see generally, wrongful trading). In a successful lawsuit, the plaintiff...
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value was obtained for the assets. In November 2009, the Office of Fair Trading announced a study into corporate insolvencies, with particular focus on...
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The Bankruptcy Law does not apply to government bodies, or to companies trading in free zones such as the Dubai International Financial Centre or the Abu...
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directors of Eagle Trust, Leslie Thomas and Dr Hardwick, were liable for wrongful trading, and contended they were liable as shadow directors under the Companies...
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Hennington and Dominic Chandler, to pay £18m, made up of £13m for wrongful trading, and £5m for breach of corporate duties. This was as a result of legal...
32 KB (3,227 words) - 04:53, 5 November 2024
Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
32 KB (3,688 words) - 13:21, 19 October 2024
2289 (Ch), [2016] All ER (D) 117 (Nov) is a UK insolvency law case on wrongful trading under section 214 of the Insolvency Act 1986. The original decision...
12 KB (1,572 words) - 13:51, 1 April 2023
Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
4 KB (492 words) - 10:24, 1 December 2022
Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
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restructuring plan" Web site of the TRACE Project, a large scale European trade union project that has created a mass of resources, training materials,...
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Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
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Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
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and wrongful trading. The liquidator of Purpoint Ltd, a printing business, sued the former director Mr John Henry Meredith for wrongful trading and misfeasance...
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assignment of a wrongful trading claim by a liquidator to a specialist litigation company to pursuing directors for wrongful trading. This has come under...
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that the directors were guilty of wrongful trading (Insolvency Act 1986 section 214). They had continued to trade after a crisis meeting, which should...
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sovereign default, Spain and Portugal, among other countries, turned their trade and current account deficits into surpluses. According to financial historian...
23 KB (2,825 words) - 00:59, 3 August 2024
Voidable floating charge Offences Fraudulent trading Misfeasance Trading while insolvent Wrongful trading Security Floating charge Lien Mortgage Second...
3 KB (265 words) - 00:11, 19 October 2024