Question asked: if a company is dissolved but members ( its a small very badly run family business) continue to run the business and incur debts ( rates, rent etc,.etc) over an extended period of time, are those debts being incurred by the dissolved company or by the directors/members?
I've always thought that the directors now become ( automatically) personally liable for any debts incurred in the company name after dissolution but I'm told that it is in fact the dissolved company who holds the liability and that the idea of personal liability for the directors is only a factor if the High Court so finds them?
Anyone good on company law and have a legal reference/source for any answer?
Many thanks
mf
I've always thought that the directors now become ( automatically) personally liable for any debts incurred in the company name after dissolution but I'm told that it is in fact the dissolved company who holds the liability and that the idea of personal liability for the directors is only a factor if the High Court so finds them?
Anyone good on company law and have a legal reference/source for any answer?
Many thanks
mf