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The dangers of paying creditors before liquidation

If your company is facing insolvency, paying creditors just before you go bust can lead to personal claims against you later on. This booklet explains how to avoid dangers and how to defend claims.

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Stephen Downie

Stephen Downie

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Maria Koureas-Jones

Maria Koureas-Jones

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Douglas McEvoy

Douglas McEvoy

Associate

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Case studies

Commercial litigation

Defending a director against a £250,000+ liquidator claim for alleged debts to a director’s loan account

Our client had received a letter before action from a liquidator claiming in excess of £250,000 allegedly due and owing under a director's...

Commercial litigation

Persuading a liquidator to withdraw its claims against a director accused of misfeasance and breaching his fiduciary duties

Our client, the former director of property development company that had gone into liquidation, needed assistance following a liquidator’s claim for the repayment of...

Commercial litigation

Having a liquidator’s claim against a director dismissed at trial with a full recovery of legal costs

Liquidators were seeking to attach a personal liability to the former director of a tax advisory company which had been placed into insolvency. Our...

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