Liability Of Directors For The Debts Of The Company

When Is A Company Director Liable For The Debts Of The Company?
Posted 10 months ago  | 
Corporate Law,General Legal
Corporate Law General Legal

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.