Understanding The Liability Of Personal Guarantors Under The … – Marketscreener.com

Introduction:The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) revolutionized India’s insolvency landscape by providing a comprehensive framework for resolving corporate insolvencies. Alongside this, the IBC also introduced significant changes concerning the liability of personal guarantors. This article aims to shed light on the liability of personal guarantors under the IBC and the implications…

Redundancy of directors in a company insolvency – The Cumberland & Westmorland Herald

Elaine Wilcox When a business is forced into insolvency, concerns for the welfare of employees will run alongside the fear for your personal financial position, particularly if you have given personal guarantees in respect of company liabilities, and as a company director, it is often thought that you have few statutory entitlements. However, there are…