It is a common misconception that trading whilst insolvent is an offence and one that leads to personal liability on the part of the directors.
Indeed, company and insolvency lawyers are long-used to fielding queries from directors of companies fearful that they could be personally liable for “trading while insolvent”.
Managing Partner Jonathan Thornton appears in Economia discussing the implications of companies trading while insolvent in relation to the collapse of Carlyle Capital in 2008.
Insolvency litigators turning to third party funding is available to read on the Economia website.
Jonathan is head of the corporate and commercial team and deals with acquisitions and disposals, company reorganisations and corporate finance, as well as shareholder, partnership and LLP agreements.