re: why doesnt some one pursue insolvancy When its insolvent the liability disappears. Any assets left after paying bills given to shareholders. Key is the contract the company has with builders and suppliers. Have to make sure some money is left over
The liability will be in a company name, so limited liability would apply as well, if you wonted to have a go.
Just a thought.
re: why doesnt some one pursue insolvancy, page-3
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