Phoenix Companies and HMRC Debt: When Directors Become Personally Liable in the UK
In the UK, when a company fails, you can start another business in the same industry. Directors can legitimately start a new company after a previous insolvency. However, both HMRC and the Insolvency Service now closely scrutinise abusive phoenixism, where directors repeatedly leave behind unpaid debts and continue the same or a similar business through […]