A Director Will Be Liable for Allowing a Company to Trade

A director will be liable for allowing a company to trade whilst insolvent if at the time the insolvent trading occurred:

A) The director relied reasonably on the advice of others as to whether or not the company was solvent.
B) The director had a serious illness and did not participate in the management of the company.
C) The director had reasonable grounds to assume the company would remain solvent.
D) The director was optimistic about the company's chances of trading its way out of insolvency.