Written Question·Department for Business and Trade·UIN 52420
Directors: Debts
Tabled: 14 May 2025
Answered: 20 May 2025
Named DayQuestion
Samantha Niblett
Labour — South Derbyshire
To ask the Secretary of State for Business and Trade, what steps he plans to take to prevent company directors from dissolving indebted businesses and then establishing a similar business without paying former debts.
Answer
Justin MaddersThe Government expects directors to act lawfully and responsibly in respect of the companies they run and that includes ensuring that liabilities and other obligations are discharged before they apply for a company's voluntary dissolution. Those who fail ...
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