What happens to the directors of an insolvent company?

This would have left many people with worthless claims against insolvent companies.

Only individuals can become bankrupt; insolvent companies go into liquidation or administration.

The name of the bankrupt or insolvent company, including the court reference if known.

Later in the month, the insolvent company was granted court protection from its creditors.

It can also provide information on statutory redundancy pay for former employees of insolvent companies.

Top executives of the insolvent companies walked away with their personal fortunes intact.

The trouble was, Thailand did not yet have an effective procedure for overhauling an insolvent company.

Usually relates to an insolvent company and is started by a resolution of its shareholders.

"The consequences of loans to insolvent companies should be left to market principles," he said.