It is a common scenario that when a company goes into liquidation the directors will have debts they are liable for because of personal guarantees.

It is a common scenario that when a company goes into liquidation the directors will have debts they are liable for because of personal guarantees.
Directors facing insolvency often make rash decisions & create further problems. If you’re struggling, take some advice: 6 things NOT to do before liquidation…
A reviewing liquidator’s role is to review whether the fees and expenses being claimed by a liquidator on a liquidation are reasonable.