Commercial Lunchtime Webinar Series – "Insolvency and directors"

This webinar focused on the impact of insolvency on directors, covering both personal bankruptcy and corporate insolvency aspects. Palak presented on personal insolvency, explaining how bankruptcy automatically disqualifies directors under the Company Directors Disqualification Act 1986, with disqualification lasting until discharge from bankruptcy and potentially extending to 15 years through Bankruptcy Restriction Orders (BROs). Jason then discussed the impact of company liquidation on directors, outlining the investigation process by liquidators, the criteria for disqualification under Section 6 of the 1986 Act, and the procedures for both disqualification orders and disqualification undertakings. The presentation covered recent developments including bounce-back loan investigations and immigration-related matters, and concluded with a discussion of mitigation strategies and factors that could reduce disqualification periods.