[246ZB Wrongful trading: administration]
Insolvency Act 1986 (1986 c 45) | Legislation

[246ZB  Wrongful trading: administration]

[(1)     Subject to subsection (3), if while a company is in administration it appears that subsection (2) applies in relation to a person who is or has been a director of the company, the court, on the application of the administrator, may declare that that person is to be liable to make such contribution (if any) to the company's assets as the court thinks proper.

(2)     This subsection applies in relation to a person if—

(a)     the company has entered insolvent administration,

(b)     at some time before the company entered administration, that person knew or ought to have concluded that there was

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