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Are Dividends Illegal In The Run Up To Insolvency?

The short answer is yes – you can only normally pay dividends from distributable reserves (money left over after settling all costs and which the business can afford to pay). However in a recent case of Global Corporate Ltd v Hale (2017) the judge decided that what the director thought was dividends could be treated […]

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David Kirk

Licensed Insolvency Practitioner

https://wpmudev.com/project/wp-defender/