4 ms·

http://en.wikipedia.org/wiki/United_Kingdom_insolvency_law#Unlawful_trading http://en.wikipedia.org/wiki/United_Kingdom_insolvency_law#U... and http://en.wiki

• dragonwriter 13y ago
  Keeping it running doesn't appear, in the UK, from the information you provide to be a crime unless it is done dishonestly to defraud creditors (fraudulent trading), and mere current inability to meet payments isn't enough. Lots of acts done with intent to defraud are criminal -- the fundamental wrong criminalized is fraud. Mere trading while insolvent, without dishonesty and intent to defraud, appears to be an unlawful-but-not-criminal act that results in personal civil liability for company debts. "Unlawful" and "criminal" are not the same thing.