6.6 Liabilities of Officers in the Course of Winding Up

The officers' exposure in the death-process: fraudulent trading (the officers who carried on business to defraud creditors — the personal liability without limit); fraudulent preference (the creditor-favouring disposition on the eve of insolvency — set aside, the officer's liability); wrongful/insolvent trading's face (continuing to trade past the point of no return — the directors' answerability); the offences (concealment of property, falsification of accounts, the destruction of records, failure to cooperate with the liquidator); the tax and statutory dues'personal faces where the law pierces for the officers' defaults. The winding-up is where the corporate veil is at its thinnest (Unit 1's lifting grounds — the process's own application).