Quizzes & Puzzles19 mins ago
can i pursue a director for money
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i did work for a limited company and they are going bust but, the parent company that the director ownes is still going strong. can i get money from the other company.
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For more on marking an answer as the "Best Answer", please visit our FAQ.No - hence the words "limited" - the director's have a limited liability - limited to the share capital.
Unless of course you took out a personal guarantee or a cross company guarantee.
I am afraid you need to contact the receivers and lodge your claim with all the other companies - the only good thing is that the crown (ie inland Revenue) are no longre classed as preferred creditors and have the same rights as you do.
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