RCU Forums - View Single Post - Wren Turbines UK Ltd - Meeting of Creditors Liquidation Notices - Section 98
Old 08-09-2015, 06:04 AM
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jetmanuk
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http://www.actionfraud.police.uk/fra...-related-fraud

Interesting Reading

"[h=1]Insolvency-related fraud[/h]Fraud relating to bankruptcy and insolvency can involve companies fraudulently trading immediately before being declared insolvent, or phoenix companies.
Phoenix companies are when, following the insolvency of one company, a new company is set up overnight with the same directors, but is not liable to pay for the losses of the previous business because they seem to be different entities."