ABSTRACT
This chapter provides background for the book, in that it explains that creditors may well not get paid by companies to whom they have granted credit and that these debtor companies may enter insolvency regimes, namely liquidation or administration. Directors of companies are very important to the operation of companies, but they are not generally liable for the debts which their companies owe to creditors. However, in order to provide some protection for creditors, directors do owe certain obligations to creditors when their company is insolvent or in the vicinity of insolvency, and the book focuses on these obligations. The chapter ends with an explanation of the format, approach and purpose of the book. The book essentially endeavours to provide an analysis of the proceedings that might be initiated against directors of insolvent companies when they have ended up in liquidation or administration as a means of providing some creditor protection.
