Skip to main content

Limited Companies

Volume 978: debated on Wednesday 13 February 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Trade (1) if he will take steps to make the directors of a limited company personally guarantee sums due to former employees should the limited company become insolvent;(2) if he will take steps to debar the directors of a limited company which has become insolvent from forming any other limited company until the debts of the original company have been met.

The Insolvency Law Review Committee is at present reviewing matters such as these. We shall be con- sidering them in the light of the committee's report, which is expected later this year.