What Happens To A Director Of A Company In Liquidation?

Does Company Liquidation Cause Director to Become Bankrupt?


No. However, if a company director places the company into liquidation and is personally liable for overwhelming company debts, bankruptcy may be a sensible option. A director will be liable for company debts guaranteed in writing, insolvent trading debts accumulated by the company, and monies the company owes the ATO for group tax and statutory superannuation for employees.

If you have any questions please give us a call on 1300 794 492 or email hello@understandingbankruptcy.com.au

Ask Us A Question

Give us a call on 1300 794 492
Alternatively, you can leave us a message and we will get back to you as soon as possible