Directors in Insolvency

A key aspect of the work that we do in corporate insolvency is the legal considerations we must give to the role and actions of the directors of the company or the members of the LLP to which we are appointed. We have statutory investigation and reporting requirements and various rights of recovery, and this course explores in detail the post appointment requirements facing us as IPs.

Join us for a consideration of all aspects of the role and expectations surrounding a director or member and their relationship with a company or LLP, how we might best exercise our rights and the implications of formal insolvency from a director perspective.

• What is a director?  What is a limited company?
• Relationships between directors, shareholders and company
• Director’s responsibilities to company and creditors
• Contract with company: for service or of service/employee v. not an employee                        
• Director’s remuneration: Drawings, loan account, dividends
• Director as employee: making a claim against the employer company
• Tax arrangements of company vs personal tax of director
• Impact of company insolvency on director: rights of recovery available to the IP
• Impact of personal insolvency on director: liability for debts of the company: personal guarantees, illegal dividends, tax liabilities if company insolvent
• SIP 2 CDDA reporting requirements

This course is suitable for experienced IPs looking for an update and a fresh approach to case issues, as well as staff who would benefit from an in-depth introduction or refresher to the issue of dealing with directors in insolvency.

Half day course: £165 + VAT
50% discount for third delegate booking

If booked with Employees in Insolvency - £310 + VAT per delegate
(Please email courses@insolvencysupportservices.com if booking both courses at discounted rate)