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1st April 2020

Am I liable or not?

By Jamie Cochrane

PBC Business Recovery and Insolvency

CAN a director be held personally liable for company debt?

The knee-jerk response to the above is, 'No, that is what limited liability means'. Indeed, the only obvious exceptions would be where a director has given a personal guarantee or, when a director is the named contracting party, which does happen occasionally, especially where leasehold property is concerned.