Director disqualification of a director for actions preceding a director's appointment
Ordinarily a director cannot be disqualified for failing to remedy previous inadequacies in the company before s/he became a director.
However, quite often it is the case that a director comes in to “see out” the company, cover up for previous directors or extract what value is left in a company and all of these approaches are indeed worthy of criticism.
Additionally, a director’s conduct will be assessed where he is appointed and does little or nothing to protect creditors from a deteriorating situation which preceded his/her appointment or where s/he could have done something to prevent a pre-existing situation from getting worse. A director disqualification example of this could be where there are outstanding tax returns from previous periods and a director does not bring them up to date or act to deal with this liability.
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Francis Wilks & Jones is the county’s leading firm of director disqualification solicitors. We are director disqualification experts with a combined experience of over 50 years in all types of claims. Contact one of our friendly expert director disqualification solicitors now for assistance.
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