Insolvency Index to "Don't Do this" - Preferences, Undervalue transactions etc
Index to illegal insolvency actions
Insolvency case law is littered with cases involving illegal directors acts (such as preferences, breach of duty, misfeasance, transactions at an undervalue and wrongful trading) which are later overturned by the court.
An illegal act undertaken by a director is also a ground for disqualification proceedings to be taken against him.
In short - read this section of the site by clicking on the topics on the index on the left of this page and ensure you "Don't Do This". Either navigate to the topic of interest from the left hand index or use "search".
Alternatively contact Chris Parkman for free initial advice on preferences, transactions at an undervalue, misfeasance, breach of duty and wrongful trading.