Mark van Dijk: What does going bankrupt actually mean?
It can happen to anyone – even famous folks… but what exactly does it mean? And what happens when you declare yourself bankrupt or insolvent?
It can happen to anyone – even famous folks… but what exactly does it mean? And what happens when you declare yourself bankrupt or insolvent?
Are directors of an insolvent company in any way held personally liable if they are still acting as directors when such an event occurs?
In the context of this story, there is irony in the fact that an aurora (from the Latin word for sunrise) is a ‘natural light in the sky’. While the judgement reported here by SAPA will clearly not brighten the horizons of investors, management and advisors associated with the ill-fated Aurora Empowerment Systems, it does … Read more