Home Site map For Clients For Staff Useful resources Location Contact Us What clients need to know  ›  10 reasons clients join          Liquidations...and Directors' Accountability          When a company goes into liquidation by order of the court or by way of a creditors’ meeting, the conduct of its Directors is investigated to determine if they are to be held responsible for the failure. An examination of the Top Ten queries concerning a Director’s conduct (listed here) determines the extent of any further action. LIQUIDATIONS Top 10 Queries concerning a Director’s Conduct          1. Have any of the Directors been involved in a previous liquidation? 2. Did the company take deposits from the public which are now at risk? 3. How much money is owed to the Revenue? How much of the total debt is this amount? Over what period of time did the debt accumulate? Were estimated or incorrect returns submitted? 4. Have the Directors preferred one creditor or class of creditor above another? 5. How have the Directors dealt with ex-employees? Were employees given their P45 form and advised of their statutory entitlements regarding redundancy, pay in lieu of notice, arrears of pay and holiday pay? 6. Did the Directors benefit personally (directly or indirectly) from the liquidation of the company? Do the Directors owe any monies to the company? 7. Could the liquidation have been carried out sooner and at a lower loss to the creditors? Did the Directors seek - and then fail to take - professional advice that could have lessened the overall impact of the liquidation? 8. Is the overall size of the company’s indebtedness disproportionate to the scale of its activities over the life of the company? 9. Will the Directors be attempting to re-start a similar company? 10. Were the Directors timely in submitting their returns to the Companies’ Office and the Revenue Commissioners over the life of the company?                        Click here to contact us        Back to main insolvancy page        What clients need to know          1. Why we are different at Leahy & Co.          Onas Leahy & Co. 2. Our commitment to you 3. Your commitment to us 4. 10 reasons clients join 5. Testimonials        Services        1. Traditional 2. Insolvency 3. Human Resources                  Privacy Policy          Leahy & Co. 1-2 Marino Mart, Fairview, Dublin 3        Tel: +353 1 8537000  Fax: +353 1 8535828  LoCall: 1890 PROFIT  Email:  info@leahy.ie        Leahy & Co. First Floor, 49 Main Street, Rathfarnham, Dublin 14 Tel: +353 1 4927012  www.linkedin.com                   powered by go2web