{"id":637,"date":"2021-03-08T17:30:29","date_gmt":"2021-03-08T17:30:29","guid":{"rendered":"https:\/\/taxinvestigation.co\/new\/?p=637"},"modified":"2021-03-08T17:30:31","modified_gmt":"2021-03-08T17:30:31","slug":"right-and-wrong-by-elliot-green-ceo-of-oliver-elliot","status":"publish","type":"post","link":"https:\/\/taxinvestigation.co\/new\/right-and-wrong-by-elliot-green-ceo-of-oliver-elliot\/","title":{"rendered":"&#8220;Right and wrong&#8221; by Elliot Green, CEO of Oliver Elliot"},"content":{"rendered":"\n<p><em>What is wrongful trading? Elliot Green explains all \u2013 and questions whether the Government\u2019s decision to suspend the wrongful trading rules last year was a wise one<\/em>.<\/p>\n\n\n\n<p>Wrongful trading is trading whilst insolvent without having reasonable prospect of avoiding insolvent liquidation. However, a Director is not necessarily liable for such loss caused if he or she took every step to minimise the loss.<\/p>\n\n\n\n<p>Two things need to happen therefore for a Director to be liable to creditors upon a company going into insolvent liquidation in such circumstances: there needs to be a loss to creditors after the date at which the wrongful trading commenced; and the loss suffered by creditors was not minimised.<\/p>\n\n\n\n<p>Download the full article below.<\/p>\n\n\n\n<div class=\"wp-block-file\"><a href=\"https:\/\/taxinvestigation.co\/new\/wp-content\/uploads\/2021\/03\/right_and_wrong_elliot_green.pdf\">right_and_wrong_elliot_green<\/a><a href=\"https:\/\/taxinvestigation.co\/new\/wp-content\/uploads\/2021\/03\/right_and_wrong_elliot_green.pdf\" class=\"wp-block-file__button\" download>Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is wrongful trading? Elliot Green explains all \u2013 and questions whether the Government\u2019s decision to suspend the wrongful trading rules last year was a wise one.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":{"0":"post-637","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-february-march-2021"},"_links":{"self":[{"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/posts\/637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/comments?post=637"}],"version-history":[{"count":1,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/posts\/637\/revisions"}],"predecessor-version":[{"id":639,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/posts\/637\/revisions\/639"}],"wp:attachment":[{"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/media?parent=637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/categories?post=637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxinvestigation.co\/new\/wp-json\/wp\/v2\/tags?post=637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}