If a liquidator successfully brings an insolvent trading claim against a director, the director will then be ordered to compensate creditors for losses sustained from the time the director traded the company while insolvent.
In other words, where a successful insolvent trading claim is made against the director(s), their personal assets are made available to meet the claims of creditors from whom credit was obtained.
Liquidation Experts, Liquidation and Bankruptcy Specialists, Liquidators Registered with ASIC, Bankruptcy Trustees Registered with ITSA, Insolvency and Liquidation Advice, All forms of corporate and personal insolvency, Liquidation throughout Australia, Part IX Debt Agreements, Part X Personal Insolvency Agreement, Bankruptcy Experts.