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A director whose conduct is found to be unfit by the Insolvency Service can be disqualified from being director of another company. The Insolvency Service has produced a guide on what happens during an Insolvency Service investigation into companies that have entered into formal insolvency proceedings - including administration, administrative receivership, voluntary and compulsory liquidation.
In most cases directors who have been involved in a failed company are able to try again with another company. However, if the Insolvency Service finds evidence that a director's conduct has been unfit or evidence of wrongdoing
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