Phoenixing, or phoenixism, are terms used to describe the practice of carrying on the same business or trade successively through a series of companies where each becomes insolvent (cannot pay their debts) in turn. Each time this happens, the insolvent company’s business, but not its debts, is transferred to a … Visa mer Companies can fail, be dissolved or face financial difficulties for a variety of reasons apart from misconduct. So, the law allows owners, directors and employees of insolvent or dissolved companies to set up … Visa mer Examples of the types of behaviour that can lead to a director’s disqualification include: 1. fraudulent behaviour 2. not submitting tax returns or paying tax and any other money due … Visa mer Some companies fail because of director misconduct. It’s our role to investigate suspected cases of misconduct and take action against those … Visa mer We cannot use our powers to investigate or resolve individual commercial disputes between companies and their employees, customers, creditors or shareholders. For example, where the complaint is about: 1. not paying an … Visa mer WebbWe're working with other government agencies through the Phoenix Taskforce to stamp out illegal phoenix activity. You can help us stop illegal phoenix activity by reporting it. If …
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