What are the directors duties when a company enters liquidation?
Some of the directors duties upon a company entering liquidation include: • preparing a statement of affairs detailing the assets and liabilities of the company • securing and handing over all the assets of the company, and/or doing whatever is reasonably required to protect the companys assets • providing the liquidator with the necessary information to enable him or her to realise the assets of the company • handing over the books and records of the company, and • attending creditors meetings on request.
