Directors in Liquidation Advisory
By law, the liquidator is required to act on behalf of the creditors. This means that in most liquidations it is common to find that the directors do not instruct any specialist advisor with liquidation expertise to protect their interests and assets.
Some of the issues where a director can find their interests compromised include director loan accounts (tax based), insolvent trading, uncommercial transactions based on dividend distributions, and so on.
Because we know how liquidators’ approach claims against directors we know what ways work best in defending claims. We believe our service will avoid a lot of unnecessary legal jostling so that liquidator and director can get on to more important pursuits.
At TPH we offer a 90 minute strategy session followed by a summary report. Directors can then decide whether to engage our services to help protect their assets.