Personal Liability of Directors

Certain activities can see company directors held liable for the debts of a company, and in the worst case scenario this can mean a company liquidation results in your personal bankruptcy.

Are you aware that the following activities could see you held liable for the debts of your company?

  • Offering a personal guarantee on debts that relate to your company
  • Trading while the company is insolvent
  • Loss of employee entitlements
  • Outstanding tax and unpaid superannuation contributions

This is an area where you need to know exactly where you stand financially. Do not risk your personal finances with a simple mistake.

Call Insolvency Choice today for information on your potential personal exposure.