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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31768
Experience:  Over 5 years in practice
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According to my contract I am a director of the company, the

Customer Question

according to my contract I am a director of the company, the company is about to go insolvent, the other direcyors are asking me as an employer to help pay there insurabce even though they have told me they cant pay my wages
Submitted: 1 year ago.
Category: Law
Expert:  Jenny replied 1 year ago.
Hello my name is ***** ***** I am happy to help you today. Are you a companies house director of the Company and how long have you worked there for?
Customer: replied 1 year ago.
its a registered charity and company limited by guarente, I'm the operations manager and mt dontract states for vat puposes I'm a director, its going into voluntary insolvency and they are aking me for directors insurance
Expert:  Jenny replied 1 year ago.
how long have you worked there for?
Customer: replied 1 year ago.
13 years
Expert:  Jenny replied 1 year ago.
Is it a requirement of your contract with them or any other directors agreement that you pay for the insurance? Are you the only director?
Customer: replied 1 year ago.
I'm so scared of losing mt house
Customer: replied 1 year ago.
no the company py that but they have no money
Expert:  Jenny replied 1 year ago.
Are you the only director?
Customer: replied 1 year ago.
no there are 4 other directors
Expert:  Jenny replied 1 year ago.
Are you all being asked to contribute?
Customer: replied 1 year ago.
I'm the employee
Expert:  Jenny replied 1 year ago.
so are you the only one being asked to contribute?
Customer: replied 1 year ago.
2want to 2 not sure
Expert:  Jenny replied 1 year ago.
Are you also a shareholder?
Customer: replied 1 year ago.
what happens when you go into voluntary liquidatiom who does it
Customer: replied 1 year ago.
no
Expert:  Jenny replied 1 year ago.
It would be an independant firm who deal with administration and winding up. Who are the shareholders?
Customer: replied 1 year ago.
its a chariy and company limited by guarentee
Expert:  Jenny replied 1 year ago.
Are you one of the members liable to meet the requirements on winding up of the guarantee?
Customer: replied 1 year ago.
thank you x
not if my contract is teminted
Expert:  Jenny replied 1 year ago.
Do you mean your employment contract ? I think I need to see a copy of this to properly advise you. I can make an offer of additional service.