Company directors are often exposed by how they structure and run their business. Accountants play an important role in helping directors not lose everything, when their business is in trouble.
This month’s webinar focuses on the personal liability risks directors face when a company becomes insolvent, and what accountants can do to help clients reduce or avoid those risks. This is an in-depth session following our general liquidation overview in last month’s webinar.
Robert Champney (Redchip Lawyers) and Jarvis Archer (Business Reset) will step through the most common ways directors become personally liable for company debts, how liquidators and lawyers decide whether to pursue claims, and what real asset protection looks like.
You will learn how, as an accountant or advisor working with SMEs, you can protect your clients and limit your exposure as the advisor, if things go bad and you get blamed
What We’ll Cover
The four major personal liability areas for directors
Liquidator claims: How they’re assessed, funded and pursued, and what it means for your clients
The legal recovery process: From demand through to court proceedings
Good asset protection and steps to ensure it isn’t undone
Risks for accountants when things go bad
Real world case studies: Costly lessons to learn for clients and accountants
What You’ll Learn
How to spot the early warning signs of personal liability risk for directors
How to guide directors to maximise asset protection that works
The real risks for directors when facing insolvency
