sleepinoz
Well-Known Member
- Joined
- Dec 26, 2012
- Messages
- 8,634
- Reaction score
- 25,361
A director can indeed go bankrupt!
I've seen it happen all the time where the spouse transfers the house over to the others name
I'm just of course speculating as to why BR would do that
ETA - just to clarify what I mean is if he was going to go bankrupt not that he has already. The debt was looming so Im sure he would have had advise to do this
Yes a Director can go bankrupt - but if your heading for bankruptcy you wouldn't become a Director. If your already a Bankrupt you can't become a Director or manage a company.