Do the directors of a company which is in a CVA have a duty to disclose to new creditors that their company is in a CVA? If so, do directors who fail to disclose that their company is in a CVA become personally liable for new debts which the company fails to pay? Presumably, if a new creditor takes action to recover a debt which the company incurs whilst it is in a CVA and fails to pay, the CVA will eventually fail. In this event, do the directors become personally liable for the company's debts because they have been wrongfully trading?
27th Feb 2016 12:28