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Trading, bankruptcy is legal under the Company Act, section 588g, that if a company bankruptcy and help. The company is born, a new debt then the Director is a person liable in debt incurred. The law makes the Executive Director is responsible to ensure that their company is not trading while bankrupt. This is in addition to the General duties of the law. With the care and diligence in good faith in the best interests of the company and must not use their position or information obtained for personal gain.
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