It was an error, my apologies.
Afraid so...
You can lay criminal charges, but nothing will come of it, since the company is now under liquidation. You must lay a claim with the liquidator for payment of any monies owed to you. Read up on my previous posts on this forum as I am a practicing liquidator, my posts might answer some of the questions you might have. Should you wish for more in depth response, you can inbox me.
I am sure that the outcome will not be positive for me. From what I hear, the company has no assets, therefore going into liquidation means I won't get any of the money owed to me.
How does that work?
Upon liquidation, there are administration costs involved, and these administration costs must be paid before any creditors can be paid. So if these administration costs incurred by the liquidators during the administration are not covered by the monies recovered from assets sales, then the creditor who applied for the liquidation will have to pay the administration costs or the creditors who prove the claims at the meetings, especially the secured creditors. It is best to wait for the second meeting of creditors report into the affairs of the company to find out if a dividend is payable before you can submit your claim.
A liquidator/creditor can hold the director personally liable without limit for the payment of the companies debts, even if the company has no assets. We can sequestrate any one who misappropriated the companies assets. In this way the director's assets in his personal capacity are sold to pay the companies debts.
No, we can hold directors personally liable if is found that the business was run recklessly, with the intention to defraud anyone, or directors are found to be delinquent, or the director has misapplied or retained any property of the company, breach of faith in executing their duties as directors, etc. We hold enquiries to uncover the dealings of the company in question prior the liquidation and subpoena people of interest.
Just asking -
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