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Can I be a Director of another company if I liquidate my current one?

November 11th, 2015

Can I be a Director of another company if I liquidate my current one?

In normal circumstances yes, you can. You can be a Director of another company now and in the future.

There are occasions where ASIC will ban indivudals from being a Director – and I think that is fair enough……if a Director has had multiple failed companies….if a Director has continually done irresponsible or immoral things, and potentially criminal actions……

However – most Directors who liquidate a business for the first time have not had to do this out of malicious intent….and so are given the benefit of the doubt that they will learn from their mistakes and go on to build a new successful business.

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David Hill
David has over 15 years in the insolvency industry – advising clients through restructuring of their business. His clear, “straight up” style provides clients with a strong direction of what they need to do, and how the process will work. As importantly, he brings empathy to the process – which is essential at a “high-stress” time for clients.

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