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Companies that ‘cease trading’.

Comment 19th July 2010

There needs to be a law forcing companies to go insolvent and not just 'cease trading'.  If the directors are shown to behave irresponsibily then there should be a way to go after their personal assets.

Why does this matter?

These directors have no assets within the company and run up large debts and when an individual or another company is owed money, they have no avenue to pursue for being repaid.

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