Hi, I have a private company with five company directors. Two of the directors signed a loan document with a bank about 3-4 months earlier against all the assets and business. Now, we are not able to repay the loan. Can the bank charge legal actions against the company and the rest three of the directors? If so, which Corporations Act (Section), implies it? Also what else can we do from our side to avoid the liabilities or minimize it? Which part of the Corporations Act can help us from that? Please Help!! Thank you.