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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

04 OCT 2011

(1) Doffman (2) Isaacs v Wood (Chancery Division, Proudman J, 13 Sep 2011)

The applicants were directors of four companies. Two solicitors were appointed as liquidators. After disqualification orders had been made against the applicants, the liquidators notified the applicants of potential proceedings alleging misfeasance, breach of fiduciary duty, transactions at an undervalue and mortgage fraud. The applicants were made bankrupt, with no assets or prospect of a dividend for creditors.


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