- Australia's #1 Legal Community is a community of 10,000+ Australians, just like you, helping each other.
Ask a question, respond to a question and better understand the law today!
Join us, it only takes a minute:

QLD Property Settlement Following Divorce - Resign as Company Director?

Discussion in 'Family Law Forum' started by Len-Pick Woo, 21 August 2014.

  1. Len-Pick Woo

    Len-Pick Woo Member

    21 August 2014
    Likes Received:
    I’m in a middle of a property settlement following a divorce. The settlement is ongoing now for the last 14 months and my ex husband is careless about it. We are Company Directors in the Company that I have been running since it was purchased in July 2005. Currently looking at options.
    Question 1: Should I resign as a Director of the Company, am I still entitled to eventual property settlement including my share (half) of the Company?
    Question 2: Should I resign as a Director, will I be free of all Company liabilities?

    Hope someone can help me, thanks, LP
  2. lawanswers

    lawanswers Moderator
    Staff Member

    6 April 2014
    Likes Received:
  3. Victoria S

    Victoria S Well-Known Member

    9 April 2014
    Likes Received:
    It might be wise to get personalised advice from your lawyer who's managing your property settlement.
    As a director, you still remain liable for any liability under the Corporations Act 2001 (Cth) that was incurred or any offences that were committed by you/the company while your were a director of the company.
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...

Share This Page