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Highland Flying School - Opinions?? (Merged)
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8th Apr 2009, 11:27
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Mike744
Join Date: Apr 2008
Location: UK
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It's not just 'knowing' Baby Bear. Wrongful Trading is if a director knows,
or ought to
know
that a company has no reasonable prospect of paying its debts, but continues to trade then a court can declare they are personally liable for such debts.
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