Entries tagged with “bankrupt”

Liability of Officers and Directors

Posted by Dave Broadwin on October 27, 2008
I recently have had the misfortune of having to counsel a client on the general subject of closing down a business including the duties and liabilities of directors and officers who find their companies in this circumstance. Depressing as it sounds, I have the sense that there may be more of this in the near future. So, below is a punch list (not comprehensive or detailed) of some of the things you should be aware of, if you find yourself in this horrible situation. Here are the disclaimers:   The content of this blog posting is in no way an... More
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