Quote:
Originally posted by SGS
Not under UK law I am afraid.
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Errrr actually...
If a limited company goes under in the UK and has assets (as the funds in their bank accounts would be) those assets are legally supposed to be used to clear their debts. However, the only thing you cant do under UK law to a LTD company is try to aquire assets of the individual directors of the said company. Also, shareholds of any LTD company may also be liable for unpaid shares etc etc etc...
So in fact you
could take legal proceedings against WSB due to the fact they owe you money (also known as a debt of the company.)
Didnt attend business management courses for nothing it seems
Regards,
Lee