Fraudulent trading
| 07-05-2019Fraudulent trading is a serious offence. A company trading fraudulently, is carrying on its operations with the intent and purpose of defrauding creditors.
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Fraudulent trading is a serious offence. A company trading fraudulently, is carrying on its operations with the intent and purpose of defrauding creditors.
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What is a CCJ? - Creditors file CCJs (County Court Judgements) in an attempt to recover unpaid debt. CCJs can be filed against companies and individuals.
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Personal & sole trader debt are regarded the same in the eyes of the law. Unlike limited companies, sole traders aren't protected by limited liability.
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Trading whilst insolvent, wrongful trading and fraudulent trading are seious issues. There are severe consequences, which can result in disqualification.
Read MoreAt Wilson Field, we offer professional services tailored to assist financial organisations and banks looking for restructuring options.
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