Helicopter Rescue off Dover

[Tidewaiter2]

559 (now 560) posts!! Bu$$er that.

"Time spent in reconnaisce is never Time wasted!

 

[Koeketiene]

You don't need to go insolvent to do that. A simple "change of name" would suffice.

Whilst insolvency provides a clearer break, it could also be a sign of greater woes.

Quite - now that the company has gone tits up, no-one is likely to sue for damages (distress, etc...) as there is no money to get.

Still doesn't stop the same management starting out afresh under a new name.

 

[Flying Penguin]

So how does this affect the pending prosecution of the school? Is the principle still on the hook or does the dissolution of the school sidestep that?

 

[maxi77]

Quite - now that the company has gone tits up, no-one is likely to sue for damages (distress, etc...) as there is no money to get.

Still doesn't stop the same management starting out afresh under a new name.

One sometimes wonders if the insolvency is provoke early by the smarter debtor to ensure that damages do not dilute their expectations.

I sometimes think that insolvency or winding up should be postponed if there is a likelyhood of a damages claim. A certain company in New Zealand comes to mind there as well.

 

[mcframe]

+1,you are only ever as good as the last time you went out.

ITYM "The last time you came back"

 

[Tidewaiter2]

ITYM "The last time you came back"

Ah, thats 'gained valuable experience'
You don't have to come back, in the boat you started in, at least