Business and commercial law,Company Law,Debt,Debt Law and Credit law
When is a company director liable for the debts of the company?
liability of directors for the debts of the company
By  Mihir Dharap  |  16 Nov 2016  |  Upvotes: 0  | 

1 Answer(s)

Legistify
Advocate

The company director is usually not liable for the debts of a company unless they have an personally guaranteed debts, have an expired Director Penalty Notice from the ATO (prior to administrator has been appointed), they have been found guilty of insolvent trading or owe certain personal liabilities.

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