Editing Trading while insolvent (section)

{{Use dmy dates|date=April 2022}}
{{Insolvency}}
A number of legal systems make provision for companies '''trading while insolvent''' to be unlawful in certain circumstances, and provide for [[Company Director|director]]s to become personally liable for a company's debts if they have acted improperly. In most legal systems, the liability in respect of unlawful transactions only extends for a certain period of time prior to the company going into liquidation.