Section 216 of the Insolvency Act 1986

Justitia Legal is now offering a service to directors of companies in liquidation who wish to acquire the name/trading name of the company in liquidation. Directors very often wish to run another business, either as a director of a new limited company, as a partner in a partnership, or as a sole trader, and wish to continue to use the liquidated company name or something similar.

However, Section 216 of the Insolvency Act 1986 prohibits a director of the liquidated company from using the same or similar name to the company which has entered into liquidation and to do so could constitute a criminal offence. Whilst there are exceptions (provided for in the Insolvency Rules), time is of the essence and, often, directors do not have the time, as they are busy dealing with the liquidation process. This is where Justitia Legal can help. We will ensure that the correct process is implemented and completed within the statutory timelines.

Please contact Gary Addison on 07766 727308 or [email protected]