This case study is about a director who did not use £2,000,000 of Company Funds for Legitimate Company Purposes, and misappropriated the funds for his own use. This led to Personal Liability for Director.
This director disqualification case study looks at a case where a director who breached his undertaking and received a suspended 18 month jail sentence. There could be other serious consequences. Applying for Court Permission to Act as a Director could have been an option.
This case study details how we successfully convinced the Insolvency Service to drop the threat to our client of a 7 year disqualification period. On the face of it, the allegations were serious, but we uncovered relevant new evidence in favour of our client, which was accepted by the Insolvency Service, and the case was dropped.