214 Wrongful trading
214 Wrongful trading

(1)     Subject to subsection (3) below, if in the course of the winding up of a company it appears that subsection (2) of this section applies in relation to a person who is or has been a director of the company, the court, on the application of the liquidator, may declare that that person is to be liable to make such contribution (if any) to the company's assets as the court thinks proper.

(2)     This subsection applies in relation to a person if—

(a)     the company has gone into insolvent liquidation,