Hi all,
I'm just wondering if anyone knows how protected a director or shareholder of a limited liability company is if the company is liquidated or being chased for debt - I cant find the answer anywhere else.
Specifically - If a company has an unpaid bill or debt, can the 'default' in payment against the company be recorded against an individual shareholder or director or does it go against the companies record.
Likewise, can a debt collection agency repossess items etc from the director shareholder and so on.
Thanks for your help!