Guidance
Director disqualification: a guide to compensation orders
Compensation orders aim to make directors who are subject to a disqualification order or undertaking financially account for the consequences of their unfit conduct.
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The Insolvency Service can apply to the court for a compensation order on behalf of the Secretary of State for Business and Trade. The court can make a compensation order if the director is subject to a disqualification order or undertaking and their conduct has caused a quantifiable loss to one or more creditors of an insolvent or dissolved company.
Published 9 November 2017
Last updated 24 January 2024 + show all updates
Last updated 24 January 2024 + show all updates
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New document content added regarding publicity and disclosure of compensation orders and undertakings
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Section 1. Updated due to new powers to investigate dissolved companies
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First published.