Not logged in [
Login
-
Register
]
You Are Not Registered Or Not Logged In
Corsa Sport
»
Message Board
»
General Chat
»
PVD NO LONGER TRADING
» Post Reply
Post Reply
Who Can Post?
All users can post new topics and all users can reply.
Icon:
Formatting Mode:
Normal
Advanced
Help
Andale Mono
Arial
Arial Black
Book Antiqua
Century Gothic
Comic Sans MS
Courier New
Georgia
Impact
Tahoma
Times New Roman
Trebuchet MS
Script MT Bold
Stencil
Verdana
Lucida Console
-2
-1
1
2
3
4
5
6
White
Black
Red
Yellow
Pink
Green
Orange
Purple
Blue
Beige
Brown
Teal
Navy
Maroon
LimeGreen
Message:
HTML is Off
Smilies are On
BB Code is On
[img] Code is On
[quote][i]Originally posted by Robbo[/i] [quote][i]Originally posted by Kenni[/i] The directors have limited liabilty and their assets are an different identity to PVD. So if PVD owes you money, PVD owes the money NOT the directors. Obviously PVD would have known its financial status many many months ago, but continuing to accept orders is not unusual, as it 'may' help to regenerate and revilise the company again, or in this case, Pete's pocket. No genuine business minded person would just 'give up' what they have built from scratch. :( for those who are out of pocket. [/quote] Almost certainly Kenni... although... if somebody were to prove wrongful trading you could try and lift the 'veil of incorporatin' and they would become personally liable... however, as you say, it is not uncommon or indeed unlawful to trade when knowing you are in financial distress - diff for plc's as they are not supposed to 'trade out' of a potential liquidation-type situation. As many have said, bottom line is you are all screwed, sorry :( Customers are at the very bottom of the list of creditors (as I believe some1 mentioned previously) secured creditors 1st such as your VAT money due, Corp tax and your bank and then all the way down to customers :( A court case would do absolutely nothing but waste your time and money... this probaly will sound unfair/off but perhaps some of you should have taken note of the many many posts criticising PVD :| [/quote]
Post Options:
Disable smileys?
Turn BBCode off?
Receive email notification of new replies?
This is a long topic, click
here
to review it.