Can Personal Assets of Directors be Seized From an LTD Company?

The starting point is that Directors’ personal assets are generally shielded in a limited liability company unless there are allegations of personal liability or fault by the person, including misfeasance and wrongful or fraudulent trading, which can ‘pierce the corporate veil’. Directors are also liable if they have made personal guarantees for debts. Understanding why the company is in difficulty may lead to other reasons Directors can be personally pursued. E.g., Breach of fiduciary duty, breach of trust, unjust enrichment, and tortious conspiracy claims.